Inflation in France slowed down to 1% in May, consumer spending rose above forecasts

121277

In May, consumer prices in France, according to national standards, increased by 1% from the same month a year earlier, a preliminary assessment of Insee statistics showed. Compared with the April price increase of 1.1%, annual inflation slowed down in May. Forecast of the economists suggested growth rate of 1.1%, as well as in April. Regarding the previous month, a 0.2% price increase was recorded, with a 0.3% increase predicted by economists. The annual increase in food prices was 2.3%. Energy prices rose by 3.4% over the year, services - by 0.7%. Tobacco products showed the jump in prices by 9.1%. The annual inflation rate, according to EU standards, was at the level of 1.1%, with experts forecast at 1.2%. Compared to the previous month, prices rose by 0.2%, not reaching the expected 0.3% increase. The Insee consumer spending report showed a 0.8% increase in April against a 0.3% drop in March. Over the year, the figure rose by 1.2%, surpassing the increase expected by economists.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: