French inflation accelerates as estimated in June

Paris, July 13, (dpa-AFX) - French consumer price inflation accelerated to a new record high in June, as initially estimated, the latest data from the statistical office Insee showed on Wednesday.

EU harmonized inflation rose to 6.5% in June from 5.8% in May. That was in line with flash data published on June 30.

The latest inflation was the highest since records began in 1997.

Consumer price inflation accelerated to 5.8% in June from 5.2% a month ago, as estimated.

The recent upturn in inflation was largely driven by a 33.1% surge in energy prices.

Prices for food products were 5.8% higher in June compared to last year, and costs for services rose 3.3%.

Meanwhile, price growth in manufactured products eased from 3.0% to 2.5%.

On a monthly basis, the harmonized index of consumer prices, or HICP, climbed 0.9% in June, following a 0.8% rise in May.

The figure for June was revised up from 0.8%. Consumer prices increased at a stable rate of 0.7% month-on-month in June, as estimated.

GNA

French inflation accelerates as estimated in June

Paris, July 13, (dpa-AFX) - French consumer price inflation accelerated to a new record high in June, as initially estimated, the latest data from the statistical office Insee showed on Wednesday.

EU harmonized inflation rose to 6.5% in June from 5.8% in May. That was in line with flash data published on June 30.

The latest inflation was the highest since records began in 1997.

Consumer price inflation accelerated to 5.8% in June from 5.2% a month ago, as estimated.

The recent upturn in inflation was largely driven by a 33.1% surge in energy prices.

Prices for food products were 5.8% higher in June compared to last year, and costs for services rose 3.3%.

Meanwhile, price growth in manufactured products eased from 3.0% to 2.5%.

On a monthly basis, the harmonized index of consumer prices, or HICP, climbed 0.9% in June, following a 0.8% rise in May.

The figure for June was revised up from 0.8%. Consumer prices increased at a stable rate of 0.7% month-on-month in June, as estimated.

GNA