News
🚨 🇫🇷 French inflation runs hotter in October, EU-measure CPI 3.8% against 3.6% expected
🚨 🇫🇷 French inflation runs hotter in October, EU-measure CPI 3.8% against 3.6% expected
- 🇫🇷 France's EU-harmonised inflation rose to 3.8% on the year in the October flash, above the 3.6% expected and up from 3.4% (INSEE, newswires, )
- 🇫🇷 The national CPI measure climbed to 3.4% from 3.1%, against 3.2% expected, with prices up 0.4% on the month against 0.2% forecast
FO view: Hotter French prices, an hour after news of a French contraction, sharpen the euro area's stagflation mix and back the ECB's hawkish lean on energy pass-through, which keeps a December hike in play despite weaker growth.
Not investment advice.