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MNI: FRANCE DATA: Final Inflation (Apr 2019).........>

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MNI: FRANCE DATA: Final Inflation (Apr 2019)
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- HICP: 0.4% m/m, 1.5% y/y; Previous (Mar): 0.9% m/m, 1.3% y/y
- CPI: 0.3% m/m, 1.3% y/y; Previous (Mar): 0.8% m/m, 1.1% y/y
- Final data revised upwards from flash estimate...
- ... with both y/y HICP and CPI accelerating by 0.2pp (flash: +0.1pp) to 1.5% &
1.3% respectively
- Higher services inflation was the key driver, as the later timing of Easter
this year resulted in a spike in seasonal prices
- Cooler y/y energy inflation (+4.8% after +5.1% in Mar) provided an offsetting
impact
- Core inflation, which had eased to its weakest rate since end-2017 in Mar,
strengthened by 0.2pp to a still-muted level of 0.7%...
- ... but could fall back again in May as the Easter-related price boost unwinds

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