French consumer price growth slows to 0.4 percent in January

French inflation slowed to 0.4 percent in January according to data released Wednesday. The figure matches estimates and is down from 0.7 percent in December.

INSEE reported on Wednesday that consumer prices in France FRFR rose 0.4 percent year-on-year in January. The statistics agency noted that the EU-harmonised inflation measure slowed to 0.4 percent in January, down from the 0.7 percent recorded in December. This data marks a measurable slowdown in inflation for the country, which is the second-largest economy in the European Union.
Shoppers carry bags while completing last-minute Christmas holiday gift purchases outside department stores in Paris, France, on December 23, 2016. REUTERS/Charles Platiau/File Photo
Shoppers carry bags while completing last-minute Christmas holiday gift purchases outside department stores in Paris, France, on December 23, 2016. REUTERS/Charles Platiau/File Photo
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