• French preliminary CPI in line with expectations m/m

Market news

27 April 2018

French preliminary CPI in line with expectations m/m

Over a year, the Consumer Price Index (CPI) should increase by +1.6% in April 2018, as in the previous month, according to the provisional estimate made at the end of the month. This stability in the year-on-year inflation should result from a sharp acceleration in energy prices, and to a lesser extent, in food products prices, offset by a slowdown in the prices of services. Otherwise, manufactured product prices should decline at the same pace as in March.

Over one month, consumer prices should slow down (+0.1%) after the rebound of the previous month. This deceleration should result from the seasonal decline in manufactured product prices, as well as stable tobacco prices after a sharp rise in March. Services prices should slow, as well as those of food because of fresh products. In contrast, the prices of petroleum products should rebound strongly this month.

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