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French consumer prices increased by 0.1% year on year in June

According to the report from INSEE, over a year, the Consumer Price Index (CPI) should rise by 0.1% in June 2020, after +0.4% in the previous month, according to the provisional estimate made at the end of the month. This drop in inflation should result from a slowdown in service and food prices and an accentuated fall in the prices of manufactured products. Contrariwise, energy prices should drop less than in May. Finally, tobacco prices should increase year on year at the same pace as in the previous month.

Over one month, consumer prices should edge down by 0.1%, after +0.1% in the previous month. Food prices should sharply fall back, those of services and tobacco should slow down and those of manufactured products should drop more. Contrariwise, energy prices should rebound, after four months of sharp decrease.

Year on year, the Harmonised Index of Consumer Prices should slow down, to +0.1%, after +0.4% in May. Over one month, it should fall back by 0.1%, after +0.2% in the previous month.

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