French CPI-PPI gap widens significantly, PPI contracts nearing 2008 levels; Italian inflation rate declines.

Unprecedented disparity emerges between French CPI and PPI, with the latter contracting to levels resembling 2008. Meanwhile, Italy experiences a decline in its inflation rate, recording a growth of 0.2% in April, below market expectations, signaling potential economic challenges ahead.

A larger gap between French CPI & PPI (Y-o-Y %) hasn't been seen before. PPI is now contracting at almost 2008 levels… pic.twitter.com/xeS0vOkXwp

— Longview Economics (@Lvieweconomics) April 30, 2024

Euro Area Inflation Ratehttps://t.co/jMc1LoqXTG pic.twitter.com/tsyQdJ3hLX

— TRADING ECONOMICS (@tEconomics) April 30, 2024

Inflation Rate in Italy decreased to 0.90 percent in April from 1.20 percent in March of 2024.https://t.co/Q60cE8yxUs pic.twitter.com/42VqGm26sV

— TRADING ECONOMICS (@tEconomics) April 30, 2024

The Consumer Price Index in Italy grew by 0.2% in April of 2024 over the previous month, below market consensus of a 0.3% increase, and following a flat reading in the prior month, preliminary estimates showed.https://t.co/Bh36VXsznr pic.twitter.com/4zSMRkmTWP

— TRADING ECONOMICS (@tEconomics) April 30, 2024