French preliminary consumer price inflation increases 0.4% in May

The French statistical office Insee released its preliminary consumer price inflation for France on Tuesday. The French consumer price inflation increased 0.4% in May, after a 0.2% rise in April.

The monthly increase was mainly driven by higher prices for food.

On a yearly basis, the consumer price rose to -0.1% in May from -0.2% in April.

The annual drop was mainly driven by a fall in energy and manufactured products prices.

Food prices rose 0.9% year-on-year in May, services prices climbed 0.9%, while energy prices dropped by 5.9%.