France January PPI data now out 28 Feb
- yy 0.9% vs 1.7% prev
Softer data not going to help the general EZ inflation scene.
EURUSD unfazed by this or the as expected GDP data.
The Producer Price Index measures the average changes in prices in primary French markets by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation.
