PARIS: Inflation in France eased additional in March whereas it accelerated however remained low in Italy, official knowledge confirmed Friday, fuelling hopes of curiosity charge cuts in coming months.
French inflation fell to 2.3 p.c, down from 3.0 p.c in February, in accordance with provisional figures from the INSEE statistics institute.
Food worth inflation slowed sharply final month to 1.7 p.c in comparison with 3.6 p.c in February whereas tobacco costs elevated by 10.7 p.c, down from 18.7 p.c in the earlier month.
Consumer worth rises slowed on a month-to-month foundation to 0.2 p.c in March in the eurozone‘s second largest economic system after a 0.9 p.c enhance in February.
“This slowdown would be due to the slight drop in energy prices, particularly gas and petroleum products,” INSEE mentioned in a press release.
In Italy, the eurozone’s third greatest economic system, inflation reached 1.3 p.c final month, up from 0.8 p.c in February, in accordance with the nation’s Istat company.
It was decrease than the 1.5 p.c forecast in a Bloomberg survey of analysts and stays properly beneath the European Central Bank’s two-percent goal for the eurozone.
Investors are carefully scrutinising inflation knowledge throughout eurozone international locations in hopes that the ECB will begin to reduce charges as quickly as June.
Eurozone inflation has been slowing, reaching 2.6 p.c in February.
Data on Wednesday confirmed that inflation in eurozone member Spain accelerated in March to three.2 p.c, up from 2.8 p.c in February.
French inflation fell to 2.3 p.c, down from 3.0 p.c in February, in accordance with provisional figures from the INSEE statistics institute.
Food worth inflation slowed sharply final month to 1.7 p.c in comparison with 3.6 p.c in February whereas tobacco costs elevated by 10.7 p.c, down from 18.7 p.c in the earlier month.
Consumer worth rises slowed on a month-to-month foundation to 0.2 p.c in March in the eurozone‘s second largest economic system after a 0.9 p.c enhance in February.
“This slowdown would be due to the slight drop in energy prices, particularly gas and petroleum products,” INSEE mentioned in a press release.
In Italy, the eurozone’s third greatest economic system, inflation reached 1.3 p.c final month, up from 0.8 p.c in February, in accordance with the nation’s Istat company.
It was decrease than the 1.5 p.c forecast in a Bloomberg survey of analysts and stays properly beneath the European Central Bank’s two-percent goal for the eurozone.
Investors are carefully scrutinising inflation knowledge throughout eurozone international locations in hopes that the ECB will begin to reduce charges as quickly as June.
Eurozone inflation has been slowing, reaching 2.6 p.c in February.
Data on Wednesday confirmed that inflation in eurozone member Spain accelerated in March to three.2 p.c, up from 2.8 p.c in February.
