Inflation & Prices
French Inflation Resumes Slowdown Two Days Before Elections
- Consumer prices rose 2.5% from year ago in June, as expected
- Spanish price growth also eased; Italy to report later Friday
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French inflation slowed a little — reinforcing the European Central Bank’s decision to begin cutting record-high interest rates and offering an economic bright spot for President Emmanuel Macron two days before elections.
Consumer prices in the euro area’s second-largest economy rose 2.5% from a year ago in June after advancing 2.6% the previous month, the Insee statistics agency said Friday. The reading matched the median estimate of economists in a Bloomberg survey.