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 …