France February preliminary CPI +0.8% vs +1.0% y/y expected ...Middle East

Prior +1.7%HICP +0.9% vs +1.2% y/y expectedPrior +1.8%

The sharp slowdown in prices is largely to do with energy prices readjusting i.e. base effects. For some context, electricity prices rose rather sharply in February 2024. The added good news here is that service inflation is also seen easing, falling from 2.5% in January to 2.1% in February.

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

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