BREAKING: CPI in France significantly higher!

France inlfation data for August was published at 7:45 am BST time today:

CPI: actual 4,8% y/y; expected 4,6% y/y; previously 4,3% y/y
HICP: actual 5,7% y/y; expected 5,4% y/y; previously 5,1% y/y

Inflation data came in worse than expected. France is the only country among major EU members today that was expected to publish higher CPI data. Later today, investors will be presented with HICP and HICP core inflation data from the EU. EUR is clearly appreciating after the publication and EURUSD is trading higher.

Source xStation 5

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