Free Trial
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.
FRANCE DATA
- French flash HICP eased in June to 5.3% y/y from 6.0% y/y in May, while flash CPI eased to 4.5% from 5.1%. Both HICP and CPI were 0.1pp lower than consensus expectations.
- HICP and CPI both rose 0.2% m/m in June after both declined 0.1% in May.
- The encouraging decline in HICP corroborates French June consumer confidence data, which showed inflation expectations continuing to cool sharply.
- The June drop in inflation was largely due to a slowing of energy price increases, and to a lesser extent food prices.
- Services CPI cooled marginally by 0.1pp to 2.9% y/y, while manufactured goods rose 0.2pp to 4.3% y/y. INSEE highlighted that this was due to a delayed start in Summer manufacturing sales this year.
- The direction of core inflation for this month cannot be inferred from the flash data.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok