French consumer inflation confirmed at 0.9% in June
France's harmonized inflation rate, adjusted for comparison with other euro zone countries, was 0.9% year-on-year in June, up from 0.6% in May, INSEE confirmed.
A Reuters poll of 15 analysts had on average expected a 0.9% rate for EU-harmonised inflation, with estimates ranging from 0.8% to 0.9%. INSEE had reported the same figure in its preliminary reading.
The domestic consumer price index rose 1.0% year-on-year in June, up from 0.7% in May, driven by accelerating service prices and a smaller decline in energy costs.
Core inflation edged up to 1.2% from 1.1% in the prior month.
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