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French Inflation Steady at 1.4%
French Inflation Steady at 1.4%

French Inflation Steady at 1.4%

French Inflation Steady at 1.4%

France’s inflation rate held steady in April, below the eurozone’s average for the month and defying a broader uptick in prices seen across Europe on the back of the later timing of Easter last month. Annual harmonized consumer price growth was 1.4% in the eurozone’s second largest economy last month, compared to 1.9% in the bloc as a whole and 2% in Germany, MarketWatch reported. France’s inflation rate has been more subdued than some of its major rival economies this year but remains at its highest since 2012. Despite prices climbing across the eurozone, officials at the European Central Bank have been largely untroubled by the inflationary surge, forecasting that average inflation will still fall below a target of just under 2% in 2018. French stats agency Insee also confirmed the country grew 1.1% in 2016 while the budget deficit came in at 3.4% of GDP–above the EU’s 3% ceiling. The debt pile inched up from 96% to 96.3%–also far exceeding a Brussels’ target of 60%.

 

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