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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
The latest set of August flash inflation prints from France saw HICP and CPI both on an annual and sequential basis come in firmer than expected.
- HICP came in at +2.23% Y/Y (vs 2.1% consensus, 2.70% prior) and 0.64% M/M (vs 0.5% consensus, 0.20% prior).
- CPI came in at 1.88% Y/Y (vs 1.8% consensus, 2.30% prior) and 0.58% M/M (vs 0.5% consensus, 0.18% prior).
Looking at the national CPI:
- Services CPI (which makes up 51.6% of the national CPI index) rose to 3.09% Y/Y (vs 2.59% in July) - the highest reading since February 2024, driven by the price of accommodation and transport services. On a monthly basis however, services prices rose 0.60% (vs 1.22% prior), which had been highlighted ahead of the release due to the Olympics.
- Meanwhile, energy prices softened to 0.52% Y/Y (vs 8.48% prior) - the lowest reading since July 2023 mainly due to base effects, on a monthly basis energy prices fell 1.21% (vs a rise of 1.41% in the prior month).
- Non-Energy Industrial Goods softened a touch to -0.07% Y/Y (vs +0.01% prior).
- Finally, food CPI was broadly unchanged at 0.50% Y/Y versus 0.52% prior.
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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