French inflation data for June 2024

The consumer price index (CPI) rose by 2.1% year-on-year in June 2024, after a 2.3% increase in May, according to preliminary estimates at the end of the month. The slight decline in inflation was due to a slowdown in food and energy prices over the year. Year-on-year inflation is expected to remain unchanged for services, manufactured goods and tobacco, at the same level as in May. On a monthly basis, consumer prices remain almost unchanged in June 2024 (+0.1% after 0.0% in May).