France's EU harmonized inflation weakened in April to the the lowest level in nearly three-and-half years, and was slightly below economists' forecast, latest data showed Wednesday.
Inflation as per the harmonized index of consumer prices (HICP), measured under the EU methodology, weakened to 0.8 percent in April from 1.1 percent in March, statistical office Insee said. The latest figure was the lowest since November 2009, when prices rose by 0.5 percent.
Sequentially, the HICP edged down 0.1 percent in April, reversing the previous month's 0.8 percent gain, data showed. Economists had forecast the index to stay flat month-on-month.
At the same time, the consumer price index increased 0.7 percent year-on-year, slower than March's 1 percent rise. Economists had forecast the inflation to drop to 0.9 percent.
Month-on-month, consumer prices dropped 0.1 percent in April, after gaining 0.8 percent in the previews month. The index was forecast to stay unchanged.
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