France: Harmonized inflation continues upward trend in June
July 13, 2021
Consumer prices increased 0.13% in June over the previous month, which was below May's 0.32% rise. The moderation was primarily due to softer growth in prices for services. In addition, price pressures for food and non-alcoholic beverages declined.
Harmonized inflation inched up to 1.9% in June, following May’s 1.8%, marking the highest inflation rate since December 2018—although partly flattered by a low base effect. Annual average harmonized inflation rose to 0.8% in June (May: 0.7%). Lastly, consumer price inflation rose to 1.5% in June, from the previous month's 1.4%.