French Inflation Quickens to Highest Since August 2024 on War

French inflation accelerated to the fastest pace since August 2024 as the Iran war sent energy costs surging, adding to pressure on the European Central Bank to tighten monetary policy.

Consumer prices in the euro area’s second-largest economy rose 1.9% from a year ago in March after a 1.1% advance in February, the Insee statistics office said Tuesday. That’s in line with the median estimate in a Bloomberg survey.