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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 NOV (F) CPI +0.4% M/M (FCST +0.3%); OCT +1.0% M/M
FRANCE NOV (F) CPI +6.2% Y/Y (FCST +6.1%); OCT +6.2% Y/Y
FRANCE NOV (F) CPI +7.1% Y/Y (FCST +7.0%); OCT +7.1% Y/Y
- French inflation rates remained buoyant in the November flash estimates, holding steady at +6.2% y/y (CPI) and +7.2% y/y (HICP).
- Some slowing was noted on the month-on-month figures, with CPI decelerating to +0.4% m/m from +1.0% m/m in October.
- Food and manufactured product prices are anticipated to have accelerated further, whilst service prices keep pace with October inflation rates.
- Despite fiscal support in the form of fuel rebates, energy prices recorded only a marginal deceleration on the year. However, on the month energy and manufactured goods saw some easing.
- Q3 GDP was confirmed to have expanded at a modest +0.2% q/q, whilst consumer spending data released this morning signalled a sharp October contraction (-2.8% m/m).
- This was the largest monthly dip since April 2021, underpinned by a fall in energy, manufactured goods and food consumption.
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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