Inflation in France falls more than expected to its lowest level in one year
France’s inflation rate eased in May to 5.1%, the lowest level in 13 months. The number was much lower than analysts expected.
bloomberg
France’s consumer price index (CPI) fell more than expected in May, coming in at 5.1%, the lowest value since April last year, according to rapid estimates released Wednesday by INSEE, the Gallic statistical institute.
That figure is far below the 5.9% recorded in April and the 5.5% expected by economists polled by Reuters.
In terms of series variance, CPI fell 0.1%, when economists had expected a 0.3% increase.
This decline was driven by a strong slowdown in the annual change in energy prices (which fell from 6.8% in April to 2%). In food products, the slowdown was more moderate: 14.1% in May versus 15% in April.
The Harmonized Index of Consumer Prices (HICP), which allows comparison with other EU countries, fell nine-tenths to 6%.
Here would be the recommendation
“Wannabe internet buff. Future teen idol. Hardcore zombie guru. Gamer. Avid creator. Entrepreneur. Bacon ninja.”
More Stories
If your diesel car is doing this, then there is a problem with the engine!
The entry of “low-cost” trams will accelerate the “decline” in the used car market
Everything Marcelo said during four hours at controversial dinner with foreign correspondents in Portugal – Politics