France March preliminary CPI +2.3% vs +2.6% y/ y expected ...Middle East

Prior +3.0%HICP +2.4% vs +2.8% y/y expectedPrior +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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