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French Flash Inflation plateaus at 2.8%

FRANCE DATA
MNI (London)
FRANCE DEC FLASH HICP +0.2% M/M, +3.4% Y/Y; NOV +3.4% Y/Y
FRANCE DEC FLASH CPI +0.2% M/M, +2.8% Y/Y; NOV +2.8% Y/Y
  • Harmonised inflation estimate for December unchanged from November reading at 3.4% y/y.
  • This was the strongest rate since September 2008.
  • Marginally lower than consensus expectation of 3.5% y/y.
  • Headline inflation came in lower at 2.8% y/y, also plateauing at November rate and slightly below estimate of 2.9% y/y
  • Substantial acceleration in prices of manufactured goods and food, whilst energy prices ease up.

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