Quick Update on French Prelim CPI & GDP Releases
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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