The French consumer price inflation moderated more than expected to hit a 13-month low in May on food and energy prices, data released by the statistical office INSEE revealed Wednesday.
The statistical office also confirmed that the second-largest economy recovered as previously estimated in the first quarter despite the weak domestic demand.
However, slowing inflation and weak household consumption suggested that the rebound is unlikely to last long.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.