France's harmonized inflation remained stable in July and stayed well below the European Central Bank's 2 percent target due to weaker energy prices, official data showed on Thursday.
The harmonized index of consumer prices rose 0.9 percent year-on-year in July, the same rate as seen in June, the statistical office INSEE reported. The rate was expected to slow to 0.8 percent.
Likewise, consumer price inflation remained unchanged at 1.0 percent in July, in line with expectations.
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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.