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French Inflation Eases

French Inflation EasesFrench Inflation Eases

French statistical office Insee on Thursday confirmed that inflation in France slowed marginally as initially estimated. France’s consumer price index rose 1.1% year-over-year in March, following a 1.2% climb in February. That was in line with the flash data published by INSEE on March 31, econotimes reported. On a monthly basis, consumer prices increased 0.6% in March, confirming the flash data, after a 0.1% rise in the prior month. The EU-harmonized measure of inflation rose at a stable rate of 1.4% annually in March. Month-on-month, the harmonized index of consumer prices went up 0.7%. The figures confirmed preliminary estimate. Sharp deceleration in food and energy price inflation was the main reason behind the slowdown. Data showed that food inflation halved to 0.8% from 1.6% in the previous month and energy prices climbed 9.9% after rising 11.4% in the prior month.

 

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