Annual inflation in France in March slowed to a six-month low of 6.6 percent
In March, annual inflation in France slowed to its lowest level in six months. According to preliminary data, consumer prices according to the standards European Union rose 6.6% from 7.3% the previous month. On this subject informed National Statistical Office of the country (INSEE).
According to calculations in French standards, the rise in prices in March amounted to 5.6% on an annual basis against 6.3% in February. The improved performance was influenced by a sharp slowdown in energy price growth – fuel price growth slowed from 14.1% to 4.9%.
Food prices continue to show the fastest momentum – this month growth reached 15.8% after rising 14.8% a month earlier. The prices of manufactured goods also increased by 4.8% against 4.7% in February. Services rose 2.9% from 3% the previous month.
The department’s assessment was almost the same as forecasts Bloomberg. Experts expected a price increase of 6.5%. INSEE will publish the final data on April 14.
At the same time, inflation has slowed sharply in all euro zone countries. Following March, price growth slowed from 8.5% to 6.9%, according to data Eurostat.
The day before preliminary inflation data published and Federal Statistical Office Germany (Destatis). According to calculations, consumer prices in Germany increased by 7.8% in annual terms in March in March, compared to a rise of 9.3% in February. The main driver of the slowdown was lower natural gas prices.