France CPI accelerated to 1.1% yoy in March, up from February’s 0.6% yoy. This increase in inflation should result from the acceleration in the service prices and from a marked rebound of those of the energy.
Consumer spending was flat in February, below expectation of 1.3% mom rise. The increase in manufactured goods purchases (+3.4%) was offset by a drop in energy expenditure (-3.1%) and food consumption (-2.2%).
