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FRANCE DATA: French inflation very soft; HICP Y/Y 0.4ppt below consensus

FRANCE DATA
Data BulletEurozoneCEEMEAFranceBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • French inflation was very soft with HICP coming in at +1.52%Y/Y in September (consensus +1.9%Y/Y, prior 2.19Y/Y).
  • On a M/M basis September HICP was -1.23% (consensus was -0.8%M/M).
  • National (non-HICP) missed consensus by a similar amount at +1.17%Y/Y (consensus +1.6%, prior +1.17%).
  • Looking at the national print breakdown there were notable falls in services to 2.55%Y/Y from 3.01% and energy -3.34%Y/Y from +0.44%. Manufactured products also fell by -0.30%Y/Y from -0.07% prior. Food prices fell marginally.
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  • French inflation was very soft with HICP coming in at +1.52%Y/Y in September (consensus +1.9%Y/Y, prior 2.19Y/Y).
  • On a M/M basis September HICP was -1.23% (consensus was -0.8%M/M).
  • National (non-HICP) missed consensus by a similar amount at +1.17%Y/Y (consensus +1.6%, prior +1.17%).
  • Looking at the national print breakdown there were notable falls in services to 2.55%Y/Y from 3.01% and energy -3.34%Y/Y from +0.44%. Manufactured products also fell by -0.30%Y/Y from -0.07% prior. Food prices fell marginally.