France May preliminary CPI +0.7% vs +0.9% y/y expected ...Middle East

Prior +0.8%HICP +0.6% vs +0.9% y/y expectedPrior +0.9%

That's a softer set of readings than expected, with services inflation in particular seen easing. That dropped from 2.4% in April to 2.1% in May and that will feed into the core estimate further. Although, core annual inflation was already on the lower side for France at 1.3% last month.

This article was written by Justin Low at www.forexlive.com.

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