2018 Economic Calendar
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France : CPI  
Released On 10/11/2018 2:45:00 AM For Sep(f), 2018
PriorConsensusActual
Month over Month-0.2 %-0.2 %-0.2 %
Year over Year2.2 %2.2 %2.2 %

Highlights
Consumer prices were unrevised in the final data for September. A 0.2 percent monthly fall in the CPI matched the provisional estimate and similarly left the annual inflation rate unchanged at 2.2 percent, a tick down on its final August mark.

The final HICP followed suit, unrevised from its 0.2 percent monthly drop and 2.5 percent yearly rise, the latter again 0.1 percentage points short of the mid-quarter outturn.

The main driver behind the dip in the annual CPI rate was services where inflation eased from 1.3 percent to 1.1 percent. That said, deflation in manufacturing also became a little more intense at 0.2 percent. Energy (12.8 percent after 13.0 percent) had a small negative impact but food (2.8 percent after 2.2 percent) provided a significant boost. As a result, the (seasonally adjusted) underlying core rate fell 0.2 percentage points to just 0.7 percent, its weakest reading so far in 2018.

Today's final CPI data duly confirm a stubbornly soft picture of underlying inflation in France. The ECB will not be happy.

Definition
The consumer price index (CPI) is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly and annual changes in the CPI represent the main rates of inflation. The national CPI is released alongside the HICP, Eurostat's harmonized measure of consumer prices. A flash estimate was released for the first time in January 2016 and is now published towards the end of each reference month.  Why Investors Care
 
 

2018 Release Schedule
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