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A preliminary estimate of the year-on-year change in French consumer prices.
| Published by | INSEE |
|---|---|
| Country | France |
| Currency affected | EUR |
| Release frequency | Monthly |
| Usual release time | 06:45 GMT (UTC+00:00) |
| Impact rating | Low impact |
| Typical volatility | 5-15 pips on EUR/USD inside the first 30 minutes |
The France CPI Preliminary (YoY) is released monthly by INSEE, usually at 06:45 GMT (UTC+00:00). These are the dates inside our calendar window.
Every release in the window has already been published. The next one falls outside the four-week demo calendar.
France is the second largest weight in the euro-area index, so the print refines expectations for the bloc figure.
Energy-price regulation makes the French series behave differently from Germany's, which occasionally causes surprises.
Typical volatility around the release is 5-15 pips on EUR/USD inside the first 30 minutes. That is an average, not a limit: when the figure lands far from consensus, or when it contradicts the central bank's own guidance, the move can be several times larger and can extend for the rest of the session.
| Pair | Why it reacts |
|---|---|
| EUR/USD | Minor euro impulse. |
| EUR/GBP | Minor. |
| EUR/CHF | Minor. |
Surprise is the released figure minus the consensus forecast, in the units of the release. Green means the figure printed above consensus, red below.
| Release date | Period | Previous | Forecast | Actual | Surprise |
|---|---|---|---|---|---|
| 1 Jul 2026 | Jun 2026 | 1.8% | 1.4% | 1.4% | 0.0 |
| 1 Jun 2026 | May 2026 | 1.7% | 1.8% | 1.8% | 0.0 |
| 2 May 2026 | Apr 2026 | 1.7% | 1.7% | 1.7% | 0.0 |
| 2 Apr 2026 | Mar 2026 | 1.7% | 1.7% | 1.7% | 0.0 |
| 3 Mar 2026 | Feb 2026 | 1.5% | 1.6% | 1.7% | +0.1 |
| 1 Feb 2026 | Jan 2026 | 1.6% | 1.4% | 1.5% | +0.1 |
| 2 Jan 2026 | Dec 2025 | 1.8% | 1.7% | 1.6% | -0.1 |
| 3 Dec 2025 | Nov 2025 | 1.3% | 1.9% | 1.8% | -0.1 |
INSEE publishes the France CPI Preliminary (YoY) for France. It is released monthly, typically at 06:45 GMT (UTC+00:00).
We rate this release low impact. In our sample the typical move is 5-15 pips on EUR/USD inside the first 30 minutes, though a large deviation from consensus can produce considerably more.
EUR/USD, EUR/GBP, EUR/CHF carry the cleanest reaction. Minor euro impulse.
No. The currency reaction depends on how the figure changes the expected path of interest rates, not on whether the headline is high or low. The same surprise can be read very differently depending on the central bank's current stance.