Inflation in France cooled more than expected in May, potentially clearing the way for the European Central Bank to cut interest rates next month. Data released on Tuesday showed that the preliminary adjusted annual rate of CPI in May was 0.6%, down from 0.9% in April. Falling inflation in French services and energy helped prices fall further this month.
However, food inflation rose modestly. The headline inflation measure remains well below the ECB's 2% medium-term inflation target, and investors widely expect the ECB to cut its base rate again on June 5.
French inflation has fallen, opening the door for the European Central Bank to cut interest rates
2025-05-27 06:57:03
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