France July preliminary CPI +2.3% vs +2.4% y/y expected

  • Latest data released by INSEE - 31 July 2024
FRCPI
  • Prior +2.2%
  • HICP +2.6% vs +2.7% y/y expected
  • Prior +2.5%

The readings are a marginal miss on estimates but are a touch higher compared to June. Services inflation are still a sticky point at 2.5% but at least much lower than in June, seen at 2.9% last month.

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