Latest data released by INSEE - 12 July 2018
- CPI +2.0% s +2.1% y/y prelim
- HICP 0.0% vs +0.1% m/m prelim
- HICP +2.3% vs +2.4% y/y prelim
Preliminary and prior figures can be found here. Slightly lower than the preliminary estimates, nothing too concerning but also not a welcome development surely for the ECB as they look to reinforce their confident inflation outlook. Relative to May readings, the inflation figures basically held steady.
EUR/USD currently trades at 1.1680 still in a narrow range for the day. EUR/GBP at 0.8840 basically flat. EUR/JPY sits near the highs still at 131.10 but also in a relatively small range for the pair.
