francebtc

#FrancePolitics #Market_Update #FranceBTC 💶 Macro and inflation | Marginal cooling across the board
🇫🇷 France inflation-lowest in five years
• CPI in January was 0.3% year-on-year (previous value 0.8%)
• Core inflation 0.7% (previous value 1.1%)
• Energy-7.6%
• Manufactured goods-1.2%
• Services 1.7% (decline)
• Food 1.9% (slight acceleration)
• EU unified inflation of 0.4%
• -0.3% MoM
➡️ Interpretation:
France has entered close to the "edge range of low inflation", and the fall in energy and commodity prices has become the main factor.
This provides important support for the ECB's policy space.