Natixis - What is the current impact of energy prices on the French inflation?

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Natixis

Patricia FLOREZ CABRA

What is the current impact of energy prices on the French inflation?

We analyze in this report the recent impact of oil, natural gas and electricity prices on inflation through the energy component of the harmonized index of consumer prices (HICP). The energy component's contribution to headline inflation has surged in recent years, mainly due to the magnitude of the energy price fluctuations and the increase of the energy share in the total households spending. According to our model and the expected energy prices for the next 6 quarters, the contribution of the energy component to the headline inflation will remain within a range of 0. 1 pp to 0.4 pp , lower than the average observed in 2023 (0.6 pp).

13/09/2024 1 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Patricia FLOREZ CABRA

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What is the current impact of energy prices on the French inflation?

Will silver keep outperforming gold?

Buy EnBW 1 7/8 2033 vs. sell RWE 0 5/8 2031

Mid-year Outlook 2025 - "The summer will be hot, the autumn too."

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