France consumer prices grew the most since August 2024 as the war in Middle East pushed up energy prices, flash data from the statistical office INSEE revealed Tuesday.
Consumer price inflation rose to 1.7 percent in March from 0.9 percent in February, marking the sharpest rise since August 2024, when prices were up 1.8 percent.
EU harmonized inflation also accelerated, reaching 1.9 percent from 1.1 percent in the prior month. The surge in inflation was fuelled by the sharp rebound in energy prices, which climbed 7.3 percent. Services inflation ticked up to 1.7 percent from 1.6 percent. Meanwhile, food inflation softened to 1.8 percent from 2.0 percent. Manufactured products prices logged a deeper fall of 0.6 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.