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French inflation slows in March

AFP . Paris
31 Mar 2023 19:49:39 | Update: 31 Mar 2023 22:28:43
French inflation slows in March
— Representational Photo/AFP

French inflation slowed in March, official data showed Friday, joining other eurozone countries in reporting an easing of price increases.

Inflation reached 5.6 per cent year-on-year in March, down from 6.3 per cent in February, according to the INSEE statistics institute.

An easing of energy prices helped to bring down inflation in the eurozone's second-biggest economy, but food prices jumped by 15.8 per cent.

In Germany, Europe's biggest economy, price growth eased to 7.4 per cent in March from 8.7 per cent in the first two months of the year, official data showed on Thursday.

The drop was even sharper in Spain, with inflation easing to 3.3 per cent after six per cent in February.

March inflation for the 20-nation eurozone will be published later on Friday. 

 

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