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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 national June flash inflation prints from France saw HICP figures come in line with consensus while CPI figures come in a tenth below consensus.
- HICP came in at +2.5% Y/Y (vs 2.5% consensus, +2.6% prior) and 0.1% M/M (vs +0.1% consensus, +0.1% prior).
- CPI came in at 2.1% Y/Y (vs 2.2% consensus, 2.3% prior) and 0.0% M/M (vs +0.1% consensus, +0.0% prior).
- Looking at national CPI:
- Services CPI remained sticky at a 2.8% Y/Y. Note that services make up 51.6% of the national CPI index. Meanwhile, Energy softened to 4.8% Y/Y (vs 5.7% prior), on a monthly basis Energy deflated 0.9% (vs -1.2% in the prior month) and the Non-Fresh food component was 0.3ppt lower than last month at 0.6% Y/Y.
- Finally, Non-Energy Industrial Goods remained flat on a yearly basis (they have been between -0.1% and 0.1% for the last four months)
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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