Inflation & Prices
French Inflation Cools to Lowest Level in Two Years
- Consumer prices rose 3.4% from a year ago; est. 3.6%
- Investors betting inflation slowdown will bring April rate cut
Shoppers in Paris.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
French inflation eased more than expected in January to reach its lowest level since before Russia invaded Ukraine — the latest sign that the euro area’s efforts to tame surging prices are nearing an end.
The reading for the currency bloc’s second-largest economy came in at 3.4% from a year ago, slowing from 4.1% in December. That’s less than the 3.6% median estimate in a Bloomberg survey, and well below the 7.3% peak notched in February 2023.