France: inflation accelerates further, to 5.8% over one year in June

PARIS (Agefi-Dow Jones)–Consumer prices in France rose 5.8% year on year in June, after rising 5.2% in May, according to the first estimate of the National Institute of statistics and economic studies (INSEE) published Thursday.

“This rise in inflation would be due to an acceleration in energy and food prices,” INSEE said on Friday. For their part, “the prices of services would increase at the same rate as the previous month and those of manufactured goods would slow down”, added INSEE.

Over one month, consumer prices increased by 0.7% in June, as in May.

Over a month in June, energy prices thus saw their progression accelerate “clearly in line with those of petroleum products”, while the prices of services and food slowed down, observed INSEE.

-Alice Doré, Agefi-Dow Jones; +33 (0)1 41 27 47 90; [email protected] ed: VLV

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

June 30, 2022 02:45 ET (06:45 GMT)

Source link -91