France's Harmonized Index of Consumer Prices (HICP) showed a significant decline in its month-over-month growth rate, according to the latest data updated on 31 May 2024. The current indicator has halted at 0.2%, dropping from 0.6% recorded in April 2024.
This notable slowdown in French HICP suggests easing inflationary pressures compared to the previous month. The previous indicator in April had stopped and reached a 0.6% rise, whereas the latest data reveals an actual comparison of changes showing a 0.2% increase for May. This shift underscores a deceleration in consumer price growth over the past month.
Analysts are likely to keep a close watch on these figures in the coming months to discern whether this trend will continue and what implications it might have for the broader French economy.
