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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
MNI (London)
FRANCE FLASH MAR HICP +1.6% M/M, +5.1% Y/Y; FEB +4.2% Y/Y
FRANCE FLASH MAR CPI +1.4% M/M, +4.5% Y/Y; FEB +3.6% Y/Y
FRANCE FEB PPI +1.1% M/M, +22.4% Y/Y; JAN +22.2% M/M
- The March flash estimate saw French inflation accelerate faster than forecasts, at +1.6% m/m (forecast +1.4%)from +0.9% m/m, and jumping 0.9pp to +5.2% y/y (forecast +4.9%) in the harmonised readings.
- MNI noted upside surprised to be expected on the March print, as this inflation includes the energy price surge of the Ukraine war and associated Russian sanctions.
- These stark accelerations increase pressure on the ECB to move out of negative interest rate territory, despite growth prospects appearing subdued.
- French factory-gate inflation ticked-up to a new record high of +22.4% y/y (Jan +22.2%), and rose +1.1% m/m in February. Substantial PPI growth is to be expected in coming months due to heightened oil prices and supply-chain disruptions intensifying on the back of the Ukraine invasion.
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.
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