France July final CPI +2.3% vs +2.3% y/y prelim

• Prior +2.2%
• HICP +2.7% vs +2.6% y/y prelim
• Prior +2.5%

The good news is that core annual inflation is seen slowing further to 1.5%, down from 1.8% in June. That will give the ECB more confidence at least in chasing the next rate cut.