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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FRANCE DATA
MNI (London)
FRANCE JUL FLASH CPI +0.3% M/M (FCST +0.3%), +6.1% Y/Y (FCST 6.0%); JUN +5.8% Y/Y
FRANCE JUL FLASH HICP +0.3% M/M (FCST +0.2%), +6.8% Y/Y (FCST 6.7%); JUN +6.5% Y/Y
- French inflation came in 0.1pp stronger than anticipated in the July flash year-on-year prints, both accelerating by 0.3pp to +6.1% y/y (CPI) and to +6.8% y/y, respectively.
- The increase in inflationary pressures was largely due to a boost in Summer service prices (+3.9% y/y vs Jun +3.3%) and food prices (+6.7% y/y vs Jun +5.8%).
- Energy prices slowed in July to +28.7% y/y following the acceleration to +33.1% y/y in June.
- The uptick in service charges highlights more broad-based entrenched inflationary expectations.
- This further boost to headline inflation coupled with the robust Q2 2022 GDP print suggests the French economy currently offering no reasons for the ECB not to push ahead with monetary tightening.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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