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French Inflation Eases
French Inflation Eases

French Inflation Eases

French 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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