French CPI m/m 0.2 vs 0.2% expected

Prior 0.8%.

French HICP m/m final 0.2% vs 0.3% expected; prior 0.3%;

French CPI y/y NSA 2.3% vs 2.3% expected, prior 2.3%;

French HICP y/y final 2.4% vs 2.4% expected, prior 2.4%.

EUR/USD drops to its lowest level since November.

The CPI in March was mainly driven by seasonal increases in prices for manufactured goods and tobacco products. Food and services prices remained stable and energy prices saw a slight decrease.