Year on year, the Consumer Price Index (CPI) should increase by 0.6% in December 2016, a little faster than in the two previous months (+0.5% in November and +0.4% in October), according to the provisional estimate made at the end of December. This slight rise in inflation should be due to a more pronounced increase in energy and food prices. By contrast, services prices are expected to slow down a little and those of manufactured products should decline more strongly than in the previous month.

Over one month, the CPI is likely to edge up by 0.3% in December 2016, after a stability in the two previous months. Indeed, services prices should rebound seasonally, essentially because of airfares. Energy prices should increase as much as in the previous month. Food prices should go up at the same pace as in November. Moreover, manufactured product prices should be stable after a slight decrease in November.