Inflation in France slowed in January to 3.4%, below analysts' forecasts. This trend could influence the European Central Bank's decisions.

Inflation in France slowed to 3.4% from a year earlier, below the 3.6% forecast. The fall was driven by slowing energy, food and manufacturing costs. German data could show a similar trend. Confirmation that price growth in the euro area is easing could lead to lower interest rates.