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Flash Inflation (Aug 2019) .............>

MNI (London)
FRANCE DATA: Flash Inflation (Aug 2019) 
- HICP: 0.5% m/m, 1.2% y/y; Previous (Jul): -0.2% m/m, 1.3% y/y
- CPI: 0.5% m/m, 1.1% y/y; Previous (Jul): -0.2% m/m, 1.1% y/y
- Consumer price inflation are in line with market expectations forecasting a
slight deceleration for the headline HICP.
- Aug's downtick was driven by a decline in manufactured products (-0.9%) which
have now registered negative rates for eighteen consecutive months.
- While price growth for energy (0.7% after 0.8% in Jul) and tobacco (8.7% after
8.8% in Jul) eased slightly in Aug, food price growth (3.2% after 3.0% in Jul)
picked up and service price inflation remained unchanged at 1.1%.
--Overall, the French data, along with the German data Thurs, does little to
ease ECB concerns of inflation continuing to slow in coming months.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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