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Frances consumer price inflation remained stable as initially estimated in April

2018-05-15 08:01 am | Resource: NEWS | No Views : 27



France's consumer price inflation remained stable as initially estimated in April, latest figures from the statistical office Insee showed Tuesday.

Consumer prices climbed 1.6 percent year-over-year in April, the same rate of increase as in March. That was in line with the flash data published on April 27.

This stability resulted from a sharp acceleration in energy prices, and to a lesser extent, in food products prices, offset by a slowdown in the prices of services.

On a monthly basis, consumer price growth eased to 0.2 percent in April from 1.0 percent in the previous month. The earlier estimate for April was 0.1 percent.

The EU measure of inflation, or HICP, grew 1.8 percent yearly in April, following a 1.7 percent rise in March. The preliminary estimated was confirmed.

Month-on-month, the HICP rose 0.2 percent in April, revised up from 0.1 percent.


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USDJPY Technical analysis 24 May 2018

Time frame Used - four hours   The USDJPY is moving in a bearish direction in the near term    The USDJPY was able to control the USDJPY move to the support level of  109.49, forming a double bottom   In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area Accordingly, we expect that  the USDJPY will  test levels…

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