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French inflation revised upwards in February to 7.3% – final figures
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PARIS (Reuters) – French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher food prices, according to final figures from the INSEE statistics body on Wednesday.
PARIS (Reuters) – French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher food prices, according to final figures from the INSEE statistics body on Wednesday.
The preliminary inflation figure for February released last month was 7.2%.
Finance Minister Bruno Le Maire, who has said he expects inflation to reach a peak this summer and then start to ease, reached a deal earlier this month with the country’s main supermarket chains to help shoppers cope with food price inflation.
France’s inflation peak will come in the first half of this year, French European Central Bank policymaker Francois Villeroy de Galhau said last week, adding inflation across the euro zone was still too high and remained the top priority for monetary policy.
(Reporting by Dominique Vidalon; Editing by Toby Chopra)
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured annually and can be influenced by various factors including demand, supply, and monetary policy.
Monetary policy refers to the actions undertaken by a country's central bank to control the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.
Consumer prices refer to the prices that consumers pay for goods and services in the market. These prices are used to calculate inflation and are tracked through various indices, such as the Consumer Price Index (CPI).
A central bank is a financial institution responsible for managing a country's currency, money supply, and interest rates. It also oversees the banking system and implements monetary policy to stabilize the economy.
Economic growth is the increase in the production of goods and services in an economy over a period of time. It is usually measured as the percentage increase in real GDP (Gross Domestic Product).
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