Inflation slowed in France in July as energy prices continued to fall and food prices slowed, according to data released Friday by INSEE. The consumer price index (CPI) rose 4.3% year-on-year in July after 4.5% in June and held steady month-on-month after 0.2% in June, confirming INSEE’s initial estimates .
The harmonized consumer price index according to European standards (IPCA), which allows comparison between the countries of the euro zone, was revised slightly upwards to 5.1% compared to 5.3% annual in June and compared to a initial estimate of 5.0%. It was flat for a month after 0.2% the previous month.
Core inflation, which excludes unprocessed food and energy prices, the most volatile, also slowed in a year, rising to 5.0% in July, after 5.7% in June.
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Source: BFM TV
