France Consumer Price Index (MoM) Preliminary For August 1% Vs. 0.8% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
France's preliminary Consumer Price Index (CPI) for August has come in at 1%, beating the estimate of 0.8% and significantly higher than the prior figure of 0.1%.
August 31, 2023 | 6:48 am
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The higher-than-expected CPI in France could potentially impact the iShares MSCI France ETF (EWQ), as it reflects the health of the French economy.
The CPI is a key indicator of economic health. A higher-than-expected CPI indicates inflation, which could lead to increased interest rates. This could potentially impact the performance of the EWQ ETF, which tracks the French market.
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