French consumer prices rise more than expected in July
Preliminary figures from INSEE show French consumer prices rose 0.6 percent in July, bringing the annual inflation rate to 2.1 percent.
French consumer prices increased higher than anticipated in July, according to preliminary statistical data released by INSEE. On a month-on-month basis, inflation rose by 0.6 percent compared to June. On an annual basis, the consumer price index grew by 2.1 percent relative to the same month of the previous year.
The preliminary figures indicate a slight pick-up in price growth across France. Financial analysts and European markets monitor these national inflation metrics closely as they evaluate broader monetary policy conditions and potential future interest rate decisions by the European Central Bank.
Sources: Dagens Industri