France’s inflation rate rises to 0.9% in June, INSEE confirms
Photo: Investing
France’s consumer price inflation rate increased to 0.9% year-on-year in June, up from 0.6% in May, the country’s statistics office INSEE confirmed on Friday, News.az reports citing Investing.
The final reading matched both the preliminary figure and analysts’ expectations.
The domestic consumer price index rose 1.0% year-on-year in June, increasing from 0.7% in May.
This uptick was primarily driven by accelerating service prices and a smaller decline in energy costs.
Core inflation, which excludes volatile items, edged up to 1.2% in June from 1.1% in the previous month.
The harmonized inflation rate is adjusted to allow for comparison with other euro zone countries.
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