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- French CPI rose more than expected m/m
French CPI rose more than expected m/m
Over a year, the Consumer Price Index (CPI) should accelerate in March 2018: +1.5% after +1.2% in the previous month, according to the provisional estimate made at the end of the month. This rise in the year-on-year inflation should result from an acceleration in prices of services, food products and tobacco. Energy prices should increase less markedly than in the previous month. On the other hand, the "manufactured product" prices should edge down in the wake of clothing and footwear prices.
Over one month, consumer prices should recover sharply: +1.0% after a stability in the previous month. This increase should come from a rebound in "manufactured product" prices after the end of winter sales and from a sharp rise in tobacco prices. Services prices should accelerate, as well as those of food because of fresh products. On the other hand, energy prices should be down this month.
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