Inflation in France rose to 1.2 percent on an annual basis in June, from 0.9 percent a month earlier. The French statistics agency reported this on the basis of provisional figures.

Economists generally expected inflation to be 1.0 percent. Based on the European harmonized measurement method, French inflation amounted to 1.4 percent, compared to 1.1 percent in May. Economists predicted an average level of 1.1 percent here.

It was also reported that French consumer spending fell by 0.1 percent in May compared to a year earlier. Economists counted on a plus of 0.3 percent. A month earlier there was an adjusted increase of 0.5 percent.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published.

Check Also

White Ferrari Enzo turns up in one-off sale

Ferrari originally wanted to offer the Enzo only in red, but added the shades of black and…