France’s consumer price inflation slowed more than expected in June due to the sharp slowdown in prices of energy, provisional data from the statistical office INSEE showed Tuesday.
The consumer price index posted an annual increase of 1.8 percent in June, following May’s 2.4 percent rise. Prices were forecast to grow 2.1 percent.
Similarly, EU harmonized inflation slowed to 2.0 percent from 2.8 percent in the previous month. This was below economists’ forecast of 2.4 percent.
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