Because of energy and food…inflation slowed in France to less than the European Central Bank’s target

Inflation in France slowed further to The inflation rate in the euro zone’s second-largest economy reached 0.9% on an annual basis, compared to 1.1% in September.
While the inflation rate has not reached the European Central Bank’s target rate of 2% in more than a year, it is closer to the rest of the eurozone. Germany recorded a rate of 2.3% yesterday, Thursday.

Fixing the interest rate

And leaving the European Central Interest rates remained unchanged for the third meeting this week, while policymakers’ confidence in their success in stabilizing prices increases.
France data for October showed that inflation was constrained by a 5.6% decline in energy prices. Food cost gains slowed to 1.3% from 1.7%, while services held steady at 2.4%.

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