French CPI (EU Norm) Prelim YY (Dec) 0.70% vs. Exp. 0.80% (Prev. -0.80%)
The preliminary French CPI shows a year-on-year increase of 0.70%, slightly missing expectations of 0.80% and recovering from a previous decline of -0.80%.
UK grocery inflation 4.3% in the four weeks to Dec 28th (prev. 4.7% in Nov); grocery sales +3.8% Y/Y over the four-week period
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French CPI (EU Norm) Prelim YY (Dec) 0.70% vs. Exp. 0.80% (Prev. -0.80%)
"Syria: Israeli forces infiltrate the southern countryside of Quneitra", according to Al Arabiya
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This miss could indicate underlying weakness in consumer prices, potentially influencing ECB policy discussions, particularly regarding inflation management and interest rate trajectories in the Eurozone.
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