Central Banks
French Inflation Was Faster Than Initially Thought in March
France’s inflation rate was higher than first thought last month as energy costs surged due to the war in Iran.
Consumer prices rose 2% — more than the initial 1.9% reading, data Wednesday showed. While that matches the European Central Bank’s target, the upward revision for March follows a similar move Tuesday by Spain, where inflation was 3.4%, rather than the 3.3% preliminary estimate.