France's consumer price inflation and producer price growth accelerated further to set a new records, driven by energy prices and supply disruptions due to the war in Ukraine, and the economic output failed to grow in the first quarter, raising the risk of stagflation.
The consumer price index rose 4.8 percent annually in April following a 4.5 percent increase in the previous month, preliminary figures from the statistical office INSEE showed Friday. The acceleration matched economists' expectations.
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by Jyotsna V
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