France household consumption expenditure on goods dropped -0.1% mom in February. Energy expenditure fell again (0.9%), manufactured good consumption rebounded (0.2%), driven by durable good purchases (1.4%) and food consumption was stable (0.0%).
All item CPI slowed to 0.6% yoy in March, down from 1.4%. HICP slowed to 0.7% yoy, down from 1.6% yoy. The sharp drop in inflation should result from a strong downturn in the prices of energy (-3.9% yoy) and manufactured products (-0.5% yoy) and a slowdown in services (1.0% yoy) and tobacco prices (13.8% yoy)..
