Recent Updates

  • Indonesia: External Debt (May)
  • US: MTIS (May), Advance Retail Sales (Jun)
  • Jordan: Foreign Reserves (Jun)
  • Existing Home Sales (Jun)
  • US: Empire State Mfg Survey (Jul)
  • Brazil: Economic Activity (May)
  • France: France: Producer Cost Indices for Construction (Apr), Financing Access Survey (Q2)
  • China: NCI Economic Activity Index (Jul)
  • more updates...

Economy in Brief

French Inflation: Core and Headline Rates Move Higher
by Robert Brusca February 21, 2008

French inflation is showing pressure. In January the Yr/Yr HICP pace is up to 3.2% from 1.4% in the previous 12-month period. The CPI excl food and energy rate is up to 2% from 1.4% a year ago. The 3-month CPI excl food and energy pace is a bit lower than it was over six months, but it is still above the 2% mark. While the main CPI categories show that 90% of them have inflation higher than it was a year ago, 72% have higher inflation over six months that over 12-months but only 54% have higher inflation over three months than over 6-months, Clothing and Communications inflation is cooling the fastest. Education plus food and energy intensive categories show the most inflation pressure.

France HICP and CPI details
  Mo/Mo % Saar % Yr/Yr
  Jan-08 Dec-07 Nov-07 3-Mo 6-Mo 12-Mo Yr Ago
HICP Total 0.3% 0.4% 0.7% 5.9% 4.6% 3.2% 1.4%
Core  -- 0.3% 0.3% -- -- -- 1.4%
CPI
All 0.4% 0.3% 0.6% 5.4% 4.0% 2.9% 1.3%
CPI excl Food and Energy 0.2% 0.2% 0.2% 2.6% 2.8% 2.0% 1.4%
Food 1.2% 0.6% 0.4% 8.8% 8.1% 4.4% 1.7%
Alcohol 0.1% 0.1% 0.3% 1.8% 7.0% 4.5% 0.6%
Clothing & Shoes -0.7% 0.1% 0.0% -2.0% 0.2% 0.6% 0.1%
Rent & Utilities 0.5% 0.6% 1.1% 9.0% 6.7% 4.7% 3.3%
Health Care 0.1% -0.1% 0.0% 0.0% 0.4% 0.3% 0.3%
Transport 0.1% 1.0% 1.9% 13.0% 7.7% 6.1% 0.9%
Communication -0.4% -0.3% 0.0% -2.8% 0.2% -1.2% -1.6%
Recreation & Culture 0.0% -0.3% 0.2% -0.6% -1.6% -1.3% -1.8%
Education 0.5% 0.2% 0.6% 5.1% 3.4% 3.0% 2.5%
Restaurant & Hotel 0.4% 0.3% 0.2% 3.3% 2.5% 2.8% 2.7%
Other 0.0% 0.2% 0.2% 1.3% 1.9% 1.9% 2.7%
Diffusion -- -- -- 54.5% 72.7% 90.9% --
Type: Diffusion: Compared to 6-mo 12-mo Yr-Ago --
close
large image