Inflation & Prices
French Inflation Pressures Ease as More Firms Cut Prices
- Bank of France says disinflation trend in industry confirmed
- Central bank monthly survey shows GDP expanded 0.1% in 2Q
Shoppers at a mall in Metz, France.
Photographer: Nicolas Leblanc/BloombergThis article is for subscribers only.
French inflationary pressures are continuing to ease, with fewer firms raising prices and some even cutting them, the country’s central bank said.
Only 8% of industrial companies imposed increases in June, the lowest proportion in more than two years, according to the Bank of France’s monthly survey of 8,500 businesses. The share reducing tariffs reached a near three-year high of 6%.