Reported about 1 month ago
French inflation has decreased to its lowest rate since July 2021, with consumer prices rising by 2.2% year-on-year in August, down from 2.7% in July. This trend supports the European Central Bank's potential interest rate cuts, particularly after similar patterns in Germany and Spain. While this offers some relief to President Emmanuel Macron amid rising living costs, services inflation has also intensified. Additionally, consumer spending showed signs of recovery, though second-quarter economic growth was revised down slightly.
Source: YAHOO