French Inflation Slows to Weakest in a Year But Italy Overshoots
- French prices rose 6% on year in May; Italy’s increased 8.1%
- ECB officials warn of more interest-rate hikes to come
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French inflation eased to its lowest level in a year, though Italy overshot analyst expectations, underlining the challenge for the European Central Bank as it nears the end of its unprecedented campaign of interest-rate hikes.
Consumer prices in France rose by 6% from a year ago in May — down from 6.9% in April and way below the 6.4% gain economists surveyed by Bloomberg had predicted, data Wednesday showed.