Production: Construction: Total for France
Annual
PRCNTO01FRA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.16
Year-over-Year Change
-165.75%
Date Range
1/1/1956 - 1/1/2024
Summary
The Annual trend measures the year-over-year percent change in the Consumer Price Index (CPI) for France. It is a key indicator of inflation and consumer purchasing power.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual trend tracks the annual rate of change in the French CPI, a measure of the average change in prices paid by consumers for a basket of goods and services. This metric is widely used by economists, policymakers, and investors to assess the overall state of the French economy and cost of living.
Methodology
The data is calculated by the French National Institute of Statistics and Economic Studies (INSEE) based on monthly CPI surveys.
Historical Context
The Annual trend is closely monitored by the European Central Bank in setting monetary policy for the Eurozone.
Key Facts
- France's Annual inflation rate reached a multi-decade high of 7.1% in 2022.
- The Annual trend is a key input for the European Central Bank's interest rate decisions.
- Sustained high Annual inflation can erode consumer purchasing power and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the French Consumer Price Index (CPI), a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The Annual inflation rate is widely used by economists, policymakers, and investors to assess the overall state of the French economy and cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the French National Institute of Statistics and Economic Studies (INSEE) based on monthly CPI surveys.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the European Central Bank in setting monetary policy for the Eurozone.
Q: Are there update delays or limitations?
A: The Annual data is published monthly with a short lag, providing timely insights into French inflation.
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Citation
U.S. Federal Reserve, Annual (PRCNTO01FRA659S), retrieved from FRED.