French Inflation Follows Italy, Spain Down to 14-Month Low
- Consumer-price growth at 5.3% is still well above ECB goal
- Euro-area core inflation number showed re-acceleration
The rising cost of living in France is hurting consumers.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
French inflation slowed to a 14-month low, a sign of improvement that was quickly overshadowed by news of stronger underlying pressures in the broader euro area.
The measure of annual consumer-price changes in the region’s second-largest economy stood at 5.3% in June after 6% in May, statistics agency Insee said. Economists surveyed by Bloomberg had on average predicted a 5.4% rise.