French Inflation Holds at Three-Year High in December
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France’s inflation rate held at a three-year high in December as President Nicolas Sarkozy’s government cleared increases in gas and electricity prices.
Consumer prices rose 2.7 percent from a year earlier based on European Union methodology, matching the rate in November, national statistics office Insee said today. The November reading was the highest since October 2008. Economists had forecast a 2.5 percent increase, according to the median of 12 estimates gathered by Bloomberg.