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French Inflation Slows More Than Expected From Record High

  • Consumer prices rose 6.5% from year ago in August; est. 6.7%
  • ECB officials are debating the size of their next rate hike
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Goldman, BofA Expect 75 Basis-Point ECB Rate Hike

French inflation eased more than expected from an all-time high, relieving a little pressure on the European Central Bank as calls for more aggressive action grow.

Consumer prices in the euro area’s second-largest economy advanced 6.5% from a year ago in August, compared with 6.8% in July. That marks a bigger slowdown than the 6.7% median estimate in a Bloomberg survey of economists.