Inflation in France fell to 5.1% last May

The National Institute of Statistics and Economic Studies in France confirmed its preliminary estimate of the inflation rate in May, to stand at 5.1% on an annual basis, after it reached 5.9% in April, due to a slowdown in energy and food prices.

Today, Thursday, the National Institute of Statistics stated that this decrease in inflation is due to the slowdown in energy prices in May (2% after it was 6.8% in April) with the drop in petroleum prices.

On the food front, food prices increased by 14.3% year-on-year in May, slightly less than 15% in April.

The institute stated that, with the exception of fresh products, food prices slowed for the first time since September 2021 (at 14.9%, down from 15.8%), but the prices of fresh products rose at a rate similar to April prices.