French Inflation Decelerates to Seven-Month Low on Energy

French inflation slowed slightly in December as energy costs fell, indicating little change in the backdrop that has allowed the European Central Bank to keep interest rates on hold.

Consumer prices in the euro area’s second-largest economy rose 0.7% from a year earlier after November’s 0.8% reading, statistics agency Insee said. The number is in line with the median estimate in a Bloomberg survey of economists.