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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