France's Inflation Rate Remains Unchanged in April

The annual inflation rate in France was recorded at 0.8% in April, mirroring the figures from March, as reported by the national statistical office, INSEE, on Wednesday. A slight increase of 0.5% was observed on a month-on-month basis.

Key Factors Influencing Inflation

The report highlighted a surge in service prices, particularly in transport and food sectors, as the primary driver behind the inflation rate. Conversely, energy prices saw a decline, while manufactured goods and tobacco prices remained stable.

Harmonized Consumer Price Index (HCPI) Projections

The HCPI is anticipated to experience a 0.8% increase annually and a 0.6% rise monthly, according to the findings.