Central Banks
France’s Inflation Rate Falls to Lowest Level in Nearly 2 1/2 Years
- February consumer prices rose 3.1% from year ago, as expected
- In Spain, inflation eased to 2.9% but just exceeded estimates
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French inflation slowed to its weakest level since September 2021 — reinforcing a trend that’s fueling debate on when the European Central Bank should lower interest rates.
Consumer prices in the euro area’s second-largest economy rose 3.1% from a year earlier in February, down from 3.4% the previous month and in line with a Bloomberg survey of economists.