France's May CPI Accelerates to 2.4% as Core Inflation Climbs to 1.5%
Updated
Updated · TradingView · Jun 12
France's May CPI Accelerates to 2.4% as Core Inflation Climbs to 1.5%
2 articles · Updated · TradingView · Jun 12
Summary
France confirmed faster May inflation, with CPI at 2.4% year on year, HICP at 2.8% and core CPI rising to 1.5% from 1.2% in April.
Energy prices drove much of the pickup, surging 16.6%, while services inflation also strengthened to 2.1% from 1.8%, signaling broader price pressure beyond fuel.
That services stickiness outweighed a slight easing in food inflation to 1.1% from 1.2%; on a monthly basis, services rose 0.4% and food fell 0.1%.
Core prices increased 0.3% on the month, suggesting underlying inflation is broadening in the French economy as summer approaches and Middle East tensions risk keeping energy pressure elevated.