France July preliminary HICP +1.6% vs +1.4% y/y expected
Latest data released by INSEE - 30 July 2021
- Prior +1.9%
- CPI +1.2% y/y
- Prior +1.5%
The reading beats estimates but is slightly softer compared to June. This still reaffirms stronger price pressure in the French economy but nothing nearly as dramatic as the increase seen in the German economy for the month of July.