France’s consumer price inflation held steady in June instead of an acceleration reported initially, final figures from the statistical office Insee showed Thursday.
Consumer prices climbed 2.0 percent year-over-year in June, the same rate of increase as in May. The preliminary estimate for June was 2.1 percent.
This stability in inflation reflected two opposing trends: a sharp annual acceleration in energy prices and, to a lesser extent, in these of food and tobacco, while those of services slowed down.
Inflation based on the harmonized index of consumer prices, also remained stable 2.3 percent in June. The rate was revised down from 2.4 percent.
On a monthly basis, both CPI and HICP indicators remained flat in June, down from 0.1 percent rise seen in the flash report.
The material has been provided by InstaForex Company – www.instaforex.com