French Inflation Remains Stable In June
12 July 2018 - 1:46PM
RTTF2
France's consumer price inflation held steady in June instead of
an acceleration reported initially, final figures from the
statistical office Insee showed Thursday.
Consumer prices climbed 2.0 percent year-over-year in June, the
same rate of increase as in May. The preliminary estimate for June
was 2.1 percent.
This stability in inflation reflected two opposing trends: a
sharp annual acceleration in energy prices and, to a lesser extent,
in these of food and tobacco, while those of services slowed
down.
Inflation based on the harmonized index of consumer prices, also
remained stable 2.3 percent in June. The rate was revised down from
2.4 percent.
On a monthly basis, both CPI and HICP indicators remained flat
in June, down from 0.1 percent rise seen in the flash report.
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