Indicators
French Inflation Up Less Than Expected on Weaker Economy
- Consumer prices rise 1.7% from year ago in November, est. 1.8%
- ECB policymakers meet in two weeks to decide on interest rates
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French inflation quickened less than expected as confidence wanes, remaining well below the European Central Bank’s 2% target and supporting the case for interest rates to be lowered further.
Consumer prices in the euro zone’s second-largest economy rose 1.7% from a year ago in November, statistics agency Insee said Friday. Analysts surveyed by Bloomberg had anticipated the pace to quicken for a second month, to 1.8%.