French Inflation Slows for First Time in Three Months
- Consumer prices rose 6.6% from year ago in March; est. 6.5%
- Slowdown follows steep drops in inflation in Spain and Germany
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French inflation eased for the first time in three months, tracking slowdowns in other big euro-zone economies after last year’s war-induced spike in energy costs faded.
Consumer prices advanced 6.6% in March — down from from a euro-era record 7.3% in February — as the rise in energy costs petered out. The result, however, was just above the 6.5% median estimate in a Bloomberg survey of analysts.