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France records inflation of 4,8% in April

Francia, inflacion, abril, comportamiento, alcista

France records inflation of 4,8% in April

Paris, Apr 29 (Prensa Latina) Inflation in France continued its upward trend in April, although at a lower rate than in previous months, after registering an inter-annual variation of 4,8%, an official source reported.
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In a preliminary report, the National Institute of Statistics and Economic Studies (Insee) specified that the increase in prices was more moderate in April, due to a lower increase in the cost of energy, which nevertheless grew by 26,6% in a year, after soaring by 29,2 in March. Inflation had advanced 3,6% in February and 4,5% in March, amid a deteriorating economic outlook due to the conflict in Ukraine.

Food, services and manufactured goods prices accelerated particularly in April, with increases of 3,8, 2,9 and 2,7%, respectively.

March brought an inflation rate unheard of in France since the mid-1980s, a pace which, although it eased in April, is still a cause for concern, a concern shared by other European Union countries.

This week, the Insee published that the morale of French households fell two points this month to stand at 88, a level unprecedented since 2018.

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