- Prior +4.9%
- HICP +4.5% vs +4.5% y/y expected
- Prior +5.7%
Services inflation continues to hold up but the declines elsewhere in food, energy, and prices of manufactured products is helping to contribute to lower consumer prices at least in France. This is a welcome development for the ECB but at 4%, there is still some ways to go before sustaining below the 2% mark.
