France: Harmonized inflation slows in June
June 30, 2020
In June, consumer prices edged down 0.1%, contrasting a 0.1% increase in May according to a preliminary release by the Statistical Institute (INSEE). The downturn reflected a slowdown in service-price growth and falling prices for food and manufactured goods.
Similarly, harmonized consumer prices fell 0.1% over the previous month in June, after rising 0.2% in May, while harmonized inflation came in at 0.1% (May: 0.4%). Meanwhile, annual average harmonized inflation ticked down to 1.0% (May: 1.1%).