Inflation & Prices
French Inflation Stays Below ECB’s 2% Goal for Second Month
- Consumer prices rise 1.5% in October, in line with estimates
- ECB is cutting interest rates as the pace of price gains slows
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French inflation came in below the European Central Bank’s 2% target for the second consecutive month, supporting the case for continued interest-rate cuts.
Consumer prices in the euro area’s second-largest economy rose 1.5% from a year ago in October, statistics agency Insee said on Thursday. The reading is in line with the median estimate in a Bloomberg survey of analysts and compares with 1.4% in September.