Flash Inflation (Dec 2019)..............>

FRANCE DATA: Flash Inflation (Dec 2019)

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- HICP: 0.5% m/m, 1.6% y/y; Previous (Nov): 0.1% m/m, 1.2% y/y 

- CPI: 0.4% m/m, 1.4% y/y; Previous (Nov): 0.1% m/m, 1.0% y/y 

- Consumer price inflation accelerated by 0.4pp in Dec, beating market

expectations of a 0.2pp uptick for the annual HICP. 

- Dec's increase was mainly driven by a sharp rise in energy prices (+2.6% after

-0.6%) 

- Prices for manufactured goods showed the only monthly decline, falling by 0.2%

and revealed negative rates for 22 months in a row. 

- Meanwhile, prices for services (1.4%) accelerated slightly in Dec. 

- Tobacco inflation remained unchanged at 14.3% at Nov's level in Dec.