Inflation in France fell more than expected in January, reaching its lowest level since February 2022 Bloomberg.
At the end of the month, indicators for the second largest economy of the monetary bloc stood at 3.4%, compared to 4.1% in December. This is below Bloomberg’s average estimate of 3.6% and well below the 7.3% peak recorded in February 2023.
According to the statistical agency Insee, the decline in energy, food and industrial goods prices was effective in the decline of inflation in France to its lowest level in two years.
Then, on Wednesday, January 31, Germany will publish inflation data. Information on the eurozone will be published on Thursday. The numbers are expected to show a similar trend. Bloomberg analysts say that in this case, the European Central Bank may start reducing interest rates in April.
ECB last week was recorded Record rate levels despite forecasts of policy easing.
Formerly a member of the ECB excluded Interest rate reduction in the near future.