Top Stories
Top Stories

French inflation rose to 1.5% in April

PARIS, May 15 (Reuters) - French inflation picked up in April compared to the previous month, coming in slightly above initial forecasts, final EU-harmonized data from the INSEE statistics body showed on Wednesday.

Consumer prices rose by 0.4% compared to March, to give a 12-month inflation rate of 1.5%. The final April inflation figure was up slightly from a preliminary forecast for a 1.4% 12-month inflation rate.

The European Central Bank (ECB) has a target for inflation within the euro zone bloc at just below 2%, although faltering economic growth in the region has resulted in euro zone inflation consistently coming in below the ECB's target. (Reporting by Sudip Kar-Gupta; editing by Jason Neely)

Related Tags