French inflation down from 0.8% in April to 0.7% in May - Breaking The News
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French inflation down from 0.8% in April to 0.7% in May

Economy
Christian Baha / MY

1 min read

EPA-EFE/IAN LANGSDON

Annual inflation in France came in at 0.7% in May, the country's statistical office INSEE announced in its final report on Friday, confirming the figure from the preliminary report. Viewed monthly, the Consumer Price Index (CPI) dropped 0.1%, unchanged from the preliminary report.

Year-over-year, for the reported month, energy prices fell at a slightly faster pace, dropping 8% as opposed to a 7.8% loss in April. Food prices grew 1.3%, accelerating slightly from a 1.2% increase in the month prior.

Annual core inflation excluding food and energy stood at 1.1%, easing from 1.3% in April. The Harmonised Index of Consumer Prices (HICP) added 0.6% in May, remaining the same as in the preliminary report.

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