| Consensus | Consensus Range | Actual | Previous | |
| Month over Month | 0.2% | 0.2% to 0.2% | 0.1% | -0.1% |
| Year over Year | 0.9% | 0.7% to 0.9% | 0.8% | 0.9% |
| HICP - M/M | 0.2% | 0.2% to 0.2% | 0.1% | -0.2% |
| HICP - Y/Y | 0.8% | 0.8% to 0.8% | 0.7% | 0.8% |
Highlights
Consumer prices are seen rising 0.1 percent in December after contracting by the same amount in November and stand 0.8 percent above their level of December of last year, according to preliminary estimates. In November, prices rose 0.9 percent year on year.
Economists were expecting a 0.2 percent month-on-month increase and a 0.9 percent year-on-year gain, according to the median of an Econoday survey of forecasts.
Energy prices are expected to extend their contraction, falling 6.8 percent year-on-year in December after falling 4.6 percent the month before. Services prices on the other hand increased 2.2 percent in December, the same rate as reported in November, while food prices will be 1.7 percent higher.
The Harmonized Index (HICP) used to normalize inflation comparisons among European countries is seen up 0.1 percent month-on-month and 0.7 percent year-on-year. Economists were looking increased of 0.2 percent and 0.8 percent monthly and year-on-year respectively.
The overall price environment has not changed much and inflation remains subdued in France and among the major European economies generally.
Market Consensus Before Announcement
The consensus looks for the first reading for CPI for December at up 0.2 percent on the month and up 0.9 percent on year after declining 0.1 percent on the month and rising 0.9 percent on year in November.