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EUR French Final CPI m/m, Oct 15, 2024

French Final CPI m/m Holds Steady at -1.2%, Reinforcing Stable Inflationary Environment

October 15, 2024 - The latest release of the French Final Consumer Price Index (CPI) for September 2024, published by INSEE, showed a month-on-month change of -1.2%. This figure aligns with both the previous month's preliminary estimate and the market forecast, indicating a continued period of stable inflation in France.

Impact: The release has a low impact on the Eurozone, largely due to the figure meeting expectations. This suggests no significant surprises or shifts in inflationary trends, maintaining a status quo for the Euro currency.

Understanding the Data:

The French Final CPI m/m measures the change in the price of goods and services purchased by consumers in France. It provides a crucial indicator of inflationary pressures within the country, directly influencing economic policy and the value of the Euro.

Key Points:

  • Stability: The consistent reading of -1.2% for both the preliminary and final September releases suggests a steady downward trend in inflation. This trend, if sustained, could create a more predictable environment for businesses and consumers, fostering economic confidence.
  • Two-Tiered Release: The French CPI release operates in two phases: a Preliminary release followed by a Final release. While the Preliminary release provides an initial snapshot, the Final release, typically released around 13 days after the month ends, incorporates more comprehensive data and provides a more accurate picture of inflation.
  • Non-Seasonal Adjustment: The French CPI is one of the few indicators not subject to seasonal adjustments. This ensures the data accurately reflects real-time price fluctuations, uninfluenced by seasonal factors like holiday spending.

Looking Ahead:

The next release of the French Final CPI m/m is scheduled for November 12, 2024. Investors and analysts will be closely monitoring the data for any potential shifts in the current trend of stable inflation. A significant deviation from the current trajectory could have implications for the Eurozone economy and currency valuations.

Key Takeaways:

  • The French Final CPI m/m for September 2024 remained stable at -1.2%, reinforcing the existing trend of steady inflation.
  • The consistent reading, in line with forecasts, has a low impact on the Euro currency and suggests a stable economic environment.
  • The upcoming release in November will be crucial for understanding potential shifts in the inflationary landscape and their impact on the Eurozone economy.

Technical Details:

  • Source: INSEE (Institut National de la Statistique et des Études Économiques)
  • Frequency: Released monthly, about 13 days after the month ends.
  • Measurement: Change in the price of goods and services purchased by consumers.
  • Note: The 'Previous' listed in the data refers to the 'Actual' from the Preliminary release.

Conclusion:

The latest French Final CPI m/m release underscores a continued period of stable inflation in France. This trend, if maintained, could contribute to a predictable economic environment. However, future releases will be essential for monitoring potential changes in the inflationary landscape and their impact on the Eurozone.