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French annual inflation eases in July; prices fall from June – Metro US

French annual inflation eases in July; prices fall from June

French annual inflation eases in July; prices fall from June
Reuters

PARIS (Reuters) – French consumer prices fell 0.2% month on month in July and annual inflation eased to 1.3% from 1.4% in June, final data from statistics institute INSEE showed on Wednesday, in line with preliminary figures.

The easing of inflation in the euro zone’s second largest economy comes as the European Central Bank (ECB) eyes new measures to stimulate activity in the bloc.

(Reporting by Sudip Kar-Gupta; editing by John Stonestreet)