France’s Inflation Rate Retreats to 2.2% in June

Data from the French National Institute of Statistics and Economic Studies (INSEE) showed today that the inflation rate in the country retreated to 2.2 percent on an annual basis last June. The institute's data attributed this slight slowdown to weak inflation in energy prices, especially for petroleum products, as well as smaller increases in food prices, while service prices accelerated, and prices of manufactured goods and tobacco remained stable. The French National Institute of Statistics and Economic Studies explained that the inflation rate on a monthly basis rose by 0.2 percent in June, which is considered a slight adjustment given its previous reading, which indicated an increase of 0.1 percent. Source: Qatar News Agency