French annual inflation slows

13th June 2007, Comments 0 comments

PARIS, June 13, 2007 (AFP) - French inflation slowed in the 12 months to May to 1.1 percent from 1.3 percent in April, as lower costs for certain services helped offset an increase in oil-product prices, official figures showed Wednesday.

PARIS, June 13, 2007 (AFP) - French inflation slowed in the 12 months to May to 1.1 percent from 1.3 percent in April, as lower costs for certain services helped offset an increase in oil-product prices, official figures showed Wednesday.

The national statistics body INSEE said consumer prices on a monthly basis were up 0.3 percent in May from April.

ISEE pointed to an increase in the price of oil products and fresh produce as well as lower prices for transportation, communications, water and rent-related services.

Energy prices jumped 1.1 percent from April to May on a monthly basis while food prices gained 0.4 percent.

Prices for manufactured goods and services were up 0.1 percent in May compared with April.


Copyright AFP

SUbject: French news

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