Central Banks

French Inflation Was Faster Than Initially Thought in March

Consumer prices rose 2%.Photographer: Nathan Laine/Bloomberg

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.