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PARIS: Inflation in France eased additional in March whereas it accelerated however remained low in Italy, official information confirmed Friday, fuelling hopes of curiosity charge cuts in coming months.
French inflation fell to 2.Three p.c, down from 3.Zero p.c in February, in response to 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 stated in a press release.
In Italy, the eurozone’s third largest economic system, inflation reached 1.Three p.c final month, up from 0.eight p.c in February, in response to the nation’s Istat company.
It was decrease than the 1.5 p.c forecast in a Bloomberg survey of analysts and stays nicely beneath the European Central Bank’s two-p.c goal for the eurozone.
Investors are intently scrutinising inflation information throughout eurozone nations 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.eight p.c in February.
French inflation fell to 2.Three p.c, down from 3.Zero p.c in February, in response to 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 stated in a press release.
In Italy, the eurozone’s third largest economic system, inflation reached 1.Three p.c final month, up from 0.eight p.c in February, in response to the nation’s Istat company.
It was decrease than the 1.5 p.c forecast in a Bloomberg survey of analysts and stays nicely beneath the European Central Bank’s two-p.c goal for the eurozone.
Investors are intently scrutinising inflation information throughout eurozone nations 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.eight p.c in February.
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