French consumer prices slip in May

Consumer prices in France remained in negative territory in May as energy prices and those for manufactured goods registered declines.

France´s consumer price index rose by 0.4% month-on-month and were 0.1% lower in comparison to a year ago according to INSEE.

Economists had forecast a headline CPI reading of 0.0% year-on-year.

Food prices rose by 0.9% in comparison to a year ago, those of tobacco were unchanged and those of services by 0.9%.

Energy prices registered a decline of 5.9% and those for manufactured products another 0.6%.