France: Harmonized inflation falls to four-year low in May
In May, consumer prices were stable month-on-month, matching April’s result, according to a preliminary release by the Statistical Institute (INSEE). Rising prices for services and tobacco, offset a softer fall in prices for energy.
Similarly, harmonized consumer prices were stable on a monthly basis in May after seen no growth in April, while harmonized inflation came in at 0.2% (April: 0.4%), the lowest print since May 2016. Meanwhile, annual average harmonized inflation ticked down to 1.1% (April: 1.2%).