The CPI in France moderates to 5.1% in May

by time news

2023-06-04 10:00:34

He Consumer price index (CPI) for France moderated in May to 5.1% in the interannual rate, eight tenths below the increase of 5.9% of the previous month, according to preliminary data published this week on National Institute of Statistics and Economic Studies (INSEE).

In the case of harmonized inflation, used by Eurostat In its statistics, France’s year-on-year rate in May has dropped to 6% from 6.9% the previous month.

“This decline in inflation It would be due to the year-on-year slowdown in the prices of energy, food, manufactured goods and services,” explained the French statistical institute.

Specifically, in the fifth month of the year, energy prices have risen by 2%, compared to the 6.8% year-on-year rise in April, while the rise in food has moderated to 14.1% since 15 % of the previous month. Likewise, services have become more expensive by 3%, compared to 3.2% in April.

#CPI #France #moderates

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