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HICP at Fresh Euro-Era High of +7.2% in Feb Flash

FRANCE DATA
MNI (London)

FRANCE FEB FLASH HICP +1.0% M/M (= FCST); JAN +0.4% M/M

FRANCE FEB FLASH HICP +7.2% Y/Y (FCST +7.0%); JAN +7.0% Y/Y

FRANCE Q4 GDP FINAL +0.1% Q/Q (= FLASH); Q3 +0.2% Q/Q

  • French HICP accelerated by 0.6pp to +1.0% m/m in the February, in line with expectations. On the headline annualised HICP, France registered a 0.2pp uptick to +7.2% y/y, outpacing expectations of remaining stable.
  • In the report, manufactured products and services were the m/m upwards drivers for national CPI, boosted by a rebound in transport services prices.
  • French GDP was confirmed at +0.1% q/q in Q4, narrowly avoiding flat growth.

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