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French consumer confidence dips in January over inflation worries -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Stacks outside Le Bistrot Madame are visible in Paris, on October 30, 2020. This is the first day in a COVID-19 national lockdown to combat a second coronavirus epidemic (COVID-19). REUTERS

PARIS (Reuters), – French consumers’ confidence fell in January according to an official survey, as inflation worries weighed heavily on France, the second largest economy of the Euro zone.

The INSEE national statistical body reported that consumer confidence fell to 99 from 100 in December. Reuters polled 14 analysts and predicted a reading of 98 points in January’s consumer confidence reading.

Inflationary pressures in Europe have increased due to higher energy prices.

The seven-year-high oil price of crude oil reached new heights last week due to concerns that supplies might tighten because of tensions with Russia-Ukraine. [O/R]

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