In June, France experienced a notable decrease in its consumer price inflation rate, dropping to 1.8% year-on-year, down from 2.4% in May. This data comes from the final report released by the French National Institute of Statistics and Economic Studies (INSEE). The decline reflects a stabilization in prices, aligning with economists’ forecasts.
The INSEE highlighted that the slowdown in energy price increases played a crucial role in this decline. In June, energy prices rose by 11%, a significant drop from the 16.6% increase recorded in May. This reduction helped alleviate inflationary pressures. Additionally, service prices increased by 1.9%, compared to 2.1% in the previous month.
According to the Harmonized Index of Consumer Prices (HICP) for the European Union, inflation in France fell to 2% in June, down from 2.8% in May. This decrease strengthens expectations for price stability in the Eurozone in the coming months, indicating an improvement in economic conditions.
On a monthly basis, consumer prices in France decreased by 0.3% in June, following a slight increase of 0.1% in May. This change signifies a clear slowdown in inflationary pressures within the French economy, contributing to enhanced economic stability.
For more details, visit the original article here.
This report first appeared on Yemen TV.
To follow the news in Arabic
Preparations Underway for the 54th Batch of Military College Cadets A meeting held today in…
Governor of Al Hudaydah Visits Civilians Injured in Houthi Attack On Sunday, Al Hudaydah Governor…
Significant Rise in Heat-Related Illnesses and Deaths in South Korea Recent government data reveals a…
Kuwait Reaffirms Support for Yemeni Government Kuwait has reiterated its unwavering support for the legitimate…
U.S. Senate Approves Temporary Funding Bill to Avert Government Shutdown The U.S. Senate has approved…
Governor of Al-Dhale'e Calls for Enhanced Military Readiness Al-Dhale'e, Yemen – The Governor of Al-Dhale'e…