Price increases in France slow to 5.1% year-on-year in May. First time in a year that inflation has slowed so much.
lull is driven by the energy, manufactured products and services sectors. In April, household consumption, the country's growth engine, fell by 1%. A finding that darkens the economic outlook, while the peak of price increases has probably passed, according to the governor of the Bank of France. But this drop in the price spiral in supermarkets is insufficient for the government.