French Inflation Declines, Opening Door to ECB Rate Cut

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Falling services and vigor ostentation successful France helped prices easiness further successful May

French ostentation cooled much than expected this month, opening the doorway to an expected European Central Bank interest-rate chopped adjacent week.

Consumer prices were 0.6% higher connected twelvemonth successful May, down from 0.9% successful April, according to EU-harmonized figures published Tuesday by France’s statistic bureau Insee. May’s complaint had been expected to enactment astatine 0.9%, according to economists polled by The Wall Street Journal.

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