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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance HICP MoM climbed to 0.6% in July 2026
FMPMonthlyReleased August 2026
France HICP MoM climbed to 0.6% in July 2026, released August 2026, up 0.9% from June's -0.3% reading. The reading matched the 0.6% consensus. The print is running well above the 12-month average of 0.46%. Over the past 3 months, HICP MoM averaged 0.04%, vs 0.76% in the prior 3-month window. The reading is in the 80th percentile of the trailing 24-month range.
Latest Release
0.6
Actual
0.6
Consensus
-0.3
Previous
Median Absolute Error
±0.07 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.58
Actual: 0.6
Error: -0.02
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 |
|---|---|---|---|---|---|
| EUR/JPY | ▼ Inverse | −0.68 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.43 | INDEX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.32 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
HICP MoM (France) was reported at 0.8% in August 2026. The reading rose from the previous value of 0.6%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.1%, ranging from -1.1% to 1.2% across 21 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.67%, up from the prior three at -0.17%. Volatility over the past year (σ 0.6%) is higher than the prior year (σ 0.28%). In August readings over the past 3 years, HICP MoM has averaged 0.55%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/JPY (Bearish EUR). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.08%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Sep 23) and S&P Global Services PMI (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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HICP MoM - FR
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About HICP MoM — France
DEFINITION
France's HICP MoM rose to 0.800000% in August, up from July's 0.600000%, signaling accelerating inflation. This increase marks a continued upward trend following two months of moderate gains after June's contraction. Market focus will remain on ECB policy as inflation pressures build ahead of upcoming data releases. Updated 8/28/26
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 (Aug 2026): actual 0.8 %. Prior reading (Jul 2026): 0.6 %. Before that (Jul 2026): 0.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/JPY (Bearish EUR, r=-0.68) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - FR Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:45 | FR | Harmonised Inflation Rate YoY | 2.7 | 2.4 | 2.7 | 2.70 | Low |
| 06:45 | FR | Harmonised Inflation Rate MoM | 0.8 | 0.6 | 0.8 | 0.80 | Low |
| 06:45 | FR | Inflation Rate MoM | 0.7 | 0.6 | 0.7 | 0.70 | Low |
| 06:45 | FR | Inflation Rate YoY | 2.4 | 2.1 | 2.4 | 2.40 | Low |