PARIS: France’s inflation rate has fallen to its lowest level in five months in May as the spike in prices seen across the eurozone earlier this year falls back across the continent.
Annual consumer price growth slipped more than expected to 0.9 per cent in May after holding at 1.4 per cent for the last three months. The reading is lower than a 1.1 per cent forecast compiled by Bloomberg. Despite a surge in inflation in February to four-year highs in the likes of Germany and Spain, France’s inflation rate has remained more subdued despite climbing energy costs. The average eurozone inflation reading will be released later this morning (10.00 BST). Economists are forecasting a decline from 1.9 per cent to 1.5 in May, with the closely-watched core rate down to 1 per cent from 1.2 per cent.
