France’s level of inflation eased less than first anticipated in March, as soaring food prices offset cooling energy prices.
The country’s consumer price index was revised upward to 5.7% in the month, from a preliminary figure of 5.6%, data from the country’s statistics office Insee showed Friday.
However, the figure remains the lowest level of inflation in six months, declining from 6.3% registered in February, as energy prices decelerated markedly compared with a year earlier, which came shortly after Russia’s invasion of Ukraine.
Food prices continued to drive inflation, jumping an upwardly revised 15.9%, compared with 14.8% in February.
France’s month-on-month inflation rate in March was also revised upward to 0.9%, from 0.8% previously, on the rise in prices of manufactured goods and tobacco, Insee said.
Write to Ed Frankl at edward.frankl@wsj.com
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