France April preliminary CPI +4.8% vs +4.5% y/y expected

• Prior +4.5%
• HICP +5.4% vs +5.1% y/y expected
• Prior +5.1%

French inflation continues to surge higher in April, with a further acceleration seen in service, food and manufactured good prices. It goes without saying, energy prices are also still soaring so that isn't helping with the situation either.