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0.1pp Upwards Revision to HICP in February

FRANCE DATA
MNI (London)

FRANCE FINAL FEB HICP +1.1% M/M (FLASH +1.0%); JAN +0.4% M/M

FRANCE FINAL FEB HICP +7.3% Y/Y (FLASH +7.2%); JAN +7.0% Y/Y

  • French HICP rose by +1.1% m/m and +7.3% y/y in the Final February data, implying a 0.1pp upwards revision to both headline prints.
  • On the month, prices accelerated in a broad-based manner, with harmonised prices rising for manufactured goods +0.8% m/m and services +0.8% m/m.
  • The upwards revision to HICP in French data will largely cancel out the downwards revision to Spanish HICP on Tuesday. As such, today's final data is unlikely to shift the final eurozone HICP print due on Friday.

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