France April preliminary CPI (HICP) +0.8% vs +0.7% y/y expected
Read full post at forexlive.com
- Prior +0.9%
The agency notes “This new rise in prices should be explained by the increase in services
prices, in particular transport, and food. Conversely, energy prices should fall again
in April, while prices of manufactured products and tobacco should remain virtually
unchanged over the month.”
Inflation hasn’t been a problem for France for a long time and that’s also why you’ve been hearing the French ECB policymaker Villeroy delivering dovish takes and supporting rate cuts.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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