French inflation slows faster than expected in MayChristian Fernsby ▼ | June 14, 2019
French monthly inflation slowed faster than expected in May, thanks largely to a fall in service sector prices which offset a marked acceleration in food prices, final EU-harmonised data from the INSEE statistics agency showed on Friday.
European economies French construction
The European Central Bank (ECB) has a target for inflation within the euro zone bloc at just below 2%, although faltering economic growth in the region has resulted in euro zone inflation consistently coming in below the ECB's target. ■