Latest data released by INSEE - 31 January 2019
- Prior 0.0%
- CPI +1.2% vs +1.2% y/y expected
- Prior +1.6%
- HICP -0.6% vs -0.6% m/m expected
- Prior +0.1%
- HICP +1.4% vs +1.4% y/y expected
- Prior +1.9%
This confirms a further slowdown in headline inflation across the region after a similar decline seen in German figures yesterday. Even the EU-harmonised reading is showing signs of a decline and that doesn't bode well for the ECB's inflation outlook to start the year.
As mentioned yesterday, this will only give more reason for the central bank to revise its rate guidance in March if the trend keeps up.
