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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance CPI MoM fell to -0.3% in June 2026
FMPMonthlyReleased July 2026
France CPI MoM fell to -0.3% in June 2026, released July 2026, down 0.4% from May's 0.1% reading. The print came in cooler than the -0.2% consensus, a softer print than forecasters anticipated. CPI MoM has now declined for 3 consecutive months.
Latest Release
-0.3
Actual
-0.2
Consensus
0.1
Previous
Median Absolute Error
±0.04 percentage points
across last 6 releases
Last Call
Jul 2026
Predicted: -0.24
Actual: -0.3
Error: +0.06
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.65 | CRYPTO | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.47 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.41 | INDEX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.39 | INDEX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.32 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (France) was reported at -0.3% in July 2026. This missed the market consensus of -0.2% by 0.1%. The reading fell from the previous value of 0.1%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.27%, ranging from -0.3% to 1% across 6 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -0.13%, down from the prior three at 0.67%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with EUR/JPY, negatively correlated (Bearish EUR). Over the last 6 releases, the Sigmacast model's median absolute error is 0.04%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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CPI MoM - FR
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About CPI MoM — France
DEFINITION
France's CPI MoM for June came in at -0.300000%, missing the -0.200000% estimate and down from May's 0.100000%. This marks a deeper monthly contraction compared to May's slight increase, signaling continued easing in consumer prices. Markets will watch upcoming ECB communications closely amid this persistent disinflation trend. Updated 7/11/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual -0.3 %, consensus -0.2 %. Prior reading (Jun 2026): -0.2 %. Before that (May 2026): 0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.65) — a useful reference for crypto-focused traders.
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EXPECTED ZONE
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