French inflation has fallen faster than forecast to its lowest level since October 2021, adding to hopes that overall eurozone inflation will continue falling when that figure is released next week.
Consumer price growth in the eurozone’s second-largest economy slowed to 2.3 per cent in March, down from 3.2 per cent in February, according to figures released by the national statistics agency on Friday. Economists polled by Reuters had expected a reading of 2.8 per cent.
The decline reflected slower annual price rises in all areas, including a drop in services inflation to 3 per cent, a fall in energy inflation to 3.4 per cent and a sharp slide in food inflation to 1.7 per cent. Fresh food prices fell 3.9 per cent in the year to March.
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