French inflation accelerates in July, reaffirming the broader trend in the region

July preliminary CPI +2.1% vs +1.8% y/y expected Prior +1.8% July preliminary HICP +2.4% vs +2.1% y/y expected Prior +2.0% It's not a good look with the rise in headline inflation being driven by a re-acceleration in service prices and energy prices for the most part. On the…