French inflation eases from decades high ...Middle East

PARIS: French annual inflation eased in August from a three-decade high, the first slowdown in over a year, official data showed Wednesday.Consumer prices hit 5.8 percent in August compared to 6.1 percent in July, which was the highest level since 1985, according to statistics institute INSEE.It was the first time that the annual inflation rate eased off since July 2021, when it was at 1.2 percent.Inflation rose after countries began to lift Covid restrictions and it worsened following Russia's invasion of Ukraine in late February, which led to a massive surge in energy and food prices.While the rise in energy prices slowed down in France in August, those of manufactured goods and food is ac

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French inflation eases from decades high ...Middle East

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