EUR French Final CPI m/m, Nov 12, 2024

French Final CPI m/m Remains Steady at 0.2% in November, Signaling Low Inflationary Pressure

New data released on November 12, 2024 by INSEE, the French statistical institute, reveals that the Final Consumer Price Index (CPI) for November registered a monthly change of 0.2%. This figure aligns with the previous month's preliminary estimate and comes in line with market expectations. The impact of this data release on the Euro is considered to be low.

Understanding the French Final CPI m/m

The French Final CPI m/m is a key economic indicator that reflects the change in the price of goods and services purchased by consumers in France. Released monthly, about 13 days after the end of the month, this figure provides valuable insight into the rate of inflation in the French economy.

Key Points to Note:

• Two releases: The CPI is released in two stages: Preliminary and Final. The Preliminary release, typically issued about 15 days earlier, is the initial estimate and tends to have a greater market impact. This data point serves as the 'Previous' value in our report, thus appearing disconnected from the Final release's historical data.
• Non-seasonally adjusted: This indicator is one of the few not adjusted for seasonal fluctuations. This makes it a primary measure for calculating inflation in France.

The Latest Data in Context

The latest data point, indicating a stable 0.2% monthly increase in CPI, suggests that inflationary pressures in France remain relatively low. This stability aligns with recent trends in the Eurozone, where inflation has gradually declined from its peak. While a slight increase in prices is expected, a sustained low rate of inflation signals a healthy and controlled economic environment.

Impact on the Euro

Generally, a higher-than-expected 'Actual' CPI reading is viewed favorably for the Euro, as it suggests a robust economy and potential for increased interest rates. However, in this case, the 'Actual' CPI matching the 'Forecast' and 'Previous' readings signals stability rather than a dramatic shift, leading to a low impact on the currency.

Looking Ahead

The next release of the French Final CPI m/m is scheduled for December 12, 2024. Investors and analysts will be closely monitoring this data point, as it will provide further insights into the trajectory of inflation in France and its potential impact on the Euro.

In summary, the French Final CPI m/m data for November 2024 indicates a steady and predictable economic landscape. The consistent low inflation rate suggests a healthy and stable economic environment, with minimal impact on the Euro's value.