French inflation picks up to stand at 1.4 pc in April

PARIS: French inflation picked up slightly in April in line with expectations, according to preliminary EU-harmonised data from the INSEE statistics agency on Tuesday.

Consumer prices rose 0.3 percent in April, giving a 12-month inflation rate of 1.4 percent, INSEE said.

Economists polled by Reuters had expected on average for inflation to have edged up to 1.4 percent from 1.3 percent in March, which was the lowest reading since February 2018.

Separately, INSEE said that producer prices were unchanged in March from February, giving a 12-month rate of 1.9 percent.