Surprise French inflation drop adds to signs Europe prices are cooling

Published by
Reuters UK

PARIS (Reuters) -Inflation in France unexpectedly dropped well below 7% in December from a record high a month earlier, data showed on Wednesday, the latest sign that slowing energy price rises are helping Europe overcome the worst of the inflation crisis. The French data added to recent evidence of easing price pressures in the euro zone after Germany’s inflation fell for a second month in a row in December, and following lower Spanish inflation figures released last week. French bond yields eased and European stocks gained after the new data, on the prospect that Europe’s inflation crisis ma…

Read More

See also  Opinion: Postponing the Tokyo Games is right call, even if it doesn't feel good to do it

Leave a Reply