Quick Update on French Prelim CPI & GDP Releases
The consumer prices increased by 1.3% year on year. While according to the provisional estimate made at the end of February 2019...
Right after the release of French consumer spending, the National Institute of Statistics and Economic Studies released the data on French inflation and GDP.
French Consumer Prices – As per the INSEE report, the consumer prices increased by 1.3% year on year. While according to the provisional estimate made at the end of February 2019, the Consumer Price Index (CPI) should rise by 1.3% in February 2019, after +1.2% in January. Well according to the report, a slight increase in CPI should be caused by an acceleration in the prices of food and energy.
French GDP – On the other hand, French GDP rose by 0.3% in Q4 2018. On average over the year, GDP growth slowed down in 2018: +1.5% after +2.3% in 2017. Overall, both of the figures are sort of neutral and that slight change may not bring any major move in the EUR/USD.
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