France November preliminary CPI -0.2% vs -0.2% m/m expected

Latest data released by INSEE - 30 November 2018

• Prior +0.1%
• CPI +1.9% vs +2.0% y/y expected
• Prior +2.2%

• HICP -0.2% vs -0.2% m/m expected
• Prior +0.1%
• HICP +2.2% vs +2.3% y/y expected
• Prior +2.5%

Mostly in-line with expectations but a tad softer on the yearly estimate. The 1.9% y/y headline is the lowest since April and that will be a bit of a worry for the ECB if this is the start of a downtrend in inflationary pressures in the region.

EUR/USD holds in a narrow range still at 1.1386 currently. EUR/GBP likewise at 0.8911.