Free Trial

French Flash Inflation At 1.9%

FRANCE DATA
MNI (London)

JUN FLASH HICP +0.2% M/M, +1.9% Y/Y; MAY +1.8% Y/Y

JUN FLASH CPI +0.2% M/M, +1.5% Y/Y; MAY +1.4% Y/Y


  • Annual inflation rose to 1.9% in Jun, up from 1.8% seen in May, hitting the highest level since Dec 2018 where the index also stood at 1.9%.
  • The headline HICP was in line with market forecasts (median 1.9%)
  • While energy and service inflation decelerated to 10.9% and 0.9%, respectively, prices for manufactured products rebound to 0.9% in June, up from -0.1% seen in May.
  • Tobacco prices remained at May's level of 5.3% in Jun, the lowest level since Feb 2018.
  • Food inflation fell 0.3% in Jun, the third decline in a row and driven by a decrease of fresh food prices, down 3.4%.


Source: Insee

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

To read the full story

Close

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.