French CPI increased by 0.1% on a monthly basis in June and by + 0.2% YoY . These still subdued figures are explained by a strong decrease in food (and especially fresh products at -4.7% MoM) and in clothes (-1.3% MoM). However, some bullish elements appear: energy prices are increasing again (+1.8% MoM) as well as transport prices (+5.1% MoM) .
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Natixis
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