French inflation eases to four-year low in May
Reuters
Published May 29, 2020 08:14
PARIS (Reuters) - French inflation eased to its lowest level in four years in May as a drop in energy prices accelerated, according to a preliminary reading from the INSEE statistics agency on Thursday.
EU-harmonised data showed that consumer prices were unchanged from April, which meant that 12-month inflation slipped to 0.2% from 0.4% the previous month, hitting the lowest level since May 2016.
In sync with a slump in global crude oil prices, energy prices fell 11.0% in May over 12 months after already dropping 8.6% in April.
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Written By: Reuters
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