FRCPI
  • Prior +4.5%
  • HICP +5.1% vs +5.0% y/y prelim
  • Prior +5.3%

This just reaffirms that French inflation pressures are starting to cool but it is still well above the 2% desired target. We'll see if the trend can keep up in the months ahead but for now, the ECB can take heart in readings such as these.