Preliminary inflation estimates from France for April showed a 0.10% increase in April on a month over month basis according to data released by the French statistics agency Insee on Friday. Despite the month over month increase, French consumer prices were down 0.20% on a year over year basis, missing forecasts of a 0.20% increase on the month and a 0.10% decline on a year over year basis. Consumer prices fell with a decline in manufacturing goods. The decline in the French CPI comes following weak consumer prices in Germany released on Thursday. The harmonized measure of consumer inflation fell 0.10% on the year posting a third month of consecutive declines.
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Daily Analysis - 02/05/2016