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French inflation slows to 1.3% in July


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French inflation slows to 1.3% in July

French annual inflation slowed to 1.3% in July from 1.4% in June, final data from the National Institute of Statistics and Economic Studies showed.

On a monthly basis, the harmonized index of consumer prices fell 0.2% in July after rising 0.3% in the previous month.

In nonharmonized terms, consumer prices rose 1.1% year over year, compared to 1.2% in June. A slowdown in price growth of energy, services and tobacco was partially offset by accelerated growth in food prices and a smaller decline in prices of manufactured products, the statistical body noted.

Month over month, the nonharmonized index declined 0.2% following a 0.2% uptick in June.

Annual core inflation came in at 0.9% in July, indicating a similar growth to that in the previous month.