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Home Forex France March preliminary CPI +2.3% vs +2.6% y/ y expected
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France March preliminary CPI +2.3% vs +2.6% y/ y expected

  • Prior +3.0%
  • HICP +2.4% vs +2.8% y/y expected
  • Prior +3.2%

The drop is definitely encouraging and reaffirms that the ECB is well on track to cut rates this June. Looking at the details, food price inflation fell from 3.6% in February to 1.7% in March. Meanwhile, services inflation also eased a bit more from 3.2% in the last month to 3.0% this month.

This article was written by Justin Low at www.forexlive.com.

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