NEWS
PARIS (Reuters) – French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher food prices, according to final figures from the INSEE statistics body on Wednesday.
The preliminary inflation figure for February released last month was 7.2%.
Finance Minister Bruno Le Maire, who has said he expects inflation to reach a peak this summer and then start to ease, reached a deal earlier this month with the country’s main supermarket chains to help shoppers cope with food price inflation.
France’s inflation peak will come in the first half of this year, French European Central Bank policymaker Francois Villeroy de Galhau said last week, adding inflation across the euro zone was still too high and remained the top priority for monetary policy.
(Reporting by Dominique Vidalon; Editing by Toby Chopra)
-
-
BUSINESS4 days ago
Assessing customer vulnerability under Consumer Duty; where are we so far and what can we expect next…
-
-
-
BUSINESS3 days ago
UK’s hot labour market shows sign of cooling: Indeed data
-
-
-
NEWS4 days ago
How electric vehicles are accelerating the end of the oil age
-
-
-
NEWS4 days ago
EU scientists say 2023 will be warmest year on record globally
-