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2025-07-31 15:33:43
France's July Inflation Rate Remains Stable at 1%, In Line with Expectations. (1) France's preliminary inflation rate for July 2025 remained unchanged at 1% year-on-year, unchanged from June and in line with market expectations. Energy prices accelerated their decline (-7.2% vs. -6.7% in June), primarily due to the base effect of surging natural gas prices in July. (2) Manufactured goods prices continued their -0.2% decline, while food prices (1.6% vs. 1.4%) and service prices (2.5% vs. 2.4%) saw slightly larger increases. (3) Month-on-month, the CPI rose 0.2% in July, exceeding the expected 0.1%, primarily driven by seasonal service costs (primarily transportation and accommodation) and energy prices, while manufactured goods prices fell due to summer sales promotions. (4) The EU-harmonized CPI remained at 0.9% year-on-year, declining slightly to 0.3% month-on-month.
