Intel stock spikes after report of possible US government stake
Investing.com -- French consumer prices saw an unexpected rise in April, according to preliminary data released by the statistics agency INSEE on Wednesday. This increase was driven by a rise in food prices, which partially offset a further decline in energy prices.
The harmonized inflation rate in France, which is adjusted for comparison with other euro zone countries, increased by 0.8% year-on-year in April, and surpassed the average expectation of a 0.7% increase, which was predicted by a poll of 21 analysts.
The analysts’ estimates varied from a low of 0.5% to a high of 1.0%.
In addition to food and energy prices, INSEE reported that the prices for services and manufactured goods in France rose at the same rate as the previous month.
On a separate note, INSEE revealed that consumer spending in France for March fell below forecasts. It decreased by 1.0%, contrary to economists’ expectations for it to remain stable at 0.0%. This indicates a slowdown in consumer spending in the country, which is a crucial component of the French economy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.