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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 MAR FLASH HICP +0.9% M/M (FCST +0.8%); FEB +1.1% M/M
FRANCE MAR FLASH HICP +6.6% Y/Y (FCST +6.5%); FEB +7.3% Y/Y
- French HICP was 0.1pp stronger than consensus estimates in March across m/m and y/y headline prints, at +0.9% m/m and +6.6% y/y. Nonetheless, the annualised rate is 0.7pp lower than the French euro-era high of +7.3% y/y reached in February.
- Slowing energy prices and base effects will have largely accounted for the deceleration in annualised HICP, whilst the m/m growth implies that short-term price pressures remain acute.
- Details on the national print (non-harmonised) highlighted a 0.1pp uptick in manufactured goods inflation to +4.8% y/y, whilst services edged down 0.1pp to +2.9% y/y. With services weighting likely to outweigh, this detail adds to the chance of a marginal deceleration in core CPI which rose to a fresh high of +6.1% y/y in February. Details will be released in the final print.
Source: MNI / Insee
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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