France February preliminary CPI +0.4% vs +0.3% y/y expected

Latest data released by INSEE - 26 February 2021

• Prior +0.6%
• CPI -0.1% vs -0.3% m/m expected
• Prior +0.2%

• HICP +0.7% vs +0.5% y/y expected
• Prior +0.8%
• HICP 0.0% vs -0.3% m/m expected
• Prior +0.3%

French inflation beat estimates but is seen a little weaker as compared to the January readings. That said, it is tough to extrapolate much from these numbers in 1H 2021, although a higher reading in the coming months could keep the market jumpy.