French June Inflation Stays At 2.3%


12/07/2012 09:46 AST  RTT News

French annual inflation remained unchanged in June, data from the statistical office Insee showed Thursday.

Inflation, as measured by the harmonized index of consumer prices, rose 2.3 percent year-on-year in June, the same rate as seen in May. Economists were forecasting the rate to slow to 2.2 percent.

On a monthly basis, the index gained 0.1 percent, while it was expected to stay flat.

At the same time, the consumer prices index was steady, after a decrease by 0.1 percent in May. The annual growth was 1.9 percent in June, in line with forecast, but down from 2 percent a month ago.

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