French Inflation Slows to 0.9% as Energy and Food Costs Ease

French inflation slowed to 0.9% in October, below the ECB's 2% target, due to a 5.6% drop in energy prices and a slowdown in food price increases. The figure matched economists' expectations and was in line with the rest of the euro area, which is expected to report an average inflation rate of 2.1% this month. The ECB left interest rates unchanged for a third meeting this week, with President Christine Lagarde stating that the central bank is in a "good place" in terms of monetary policy.