Inflation & Prices
French Inflation Speeds Up With ECB Facing Rate-Hike Dilemma
- Numbers precede euro-region report later on Thursday
- ECB says rate decision will hinge on inflation outcomes
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French inflation accelerated in August, adding to evidence of persisting pressures in the region just as European Central Bank officials prepare to decide whether to keep raising interest rates.
Consumer prices in the euro area’s second-biggest economy rose 5.7% from a year earlier, statistics agency Insee said on Thursday — much faster than the 5.4% median forecast in a Bloomberg survey of economists. The overshoot was due to energy costs.