Inflation in France stood at 2.3% year-on-year in May, a figure slightly higher than the initial estimate of 2.2%, according to final data published Friday by the National Institute of Statistics and economic studies (INSEE).
Consumer prices increased by 2.2% year-on-year in April.
In May, “this slight increase in inflation results from a further acceleration over one year in energy prices (+5.7% after +3.8%) linked to a base effect on the prices of petroleum products (+ 2.9% after -0.7%)”explained INSEE in a press release.
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Inflation harmonized at 2.6%
The rise in food prices accelerated slightly, to 1.3% in May after 1.2% in April, while that of service prices slowed down, to 2.8% after 3%, as did the rise in food prices. tobacco prices, at 8.7% after 9%, detailed INSEE.
Over one month, consumer prices, as initially estimated, remained stable in May, after increasing by 0.5% in April.
The harmonized consumer price index, which allows comparisons between European Union countries, increased by 2.6% year-on-year in May, after 2.4% in April. Over one month, the index increased by 0.1% in May after 0.6% in April. May’s changes over one year and one month have been revised downward by 0.1 point, INSEE said.
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