France's consumer prices rose 2.0% YoY in June, down from 2.8% in May and below
the 2.3% market consensus, INSEE said. INSEE attributed the disinflation mainly
to a sharp slowdown in energy prices—especially petroleum products—after a
steep June drop tied to easing US‑Iran tensions and expectations of a
preliminary peace accord; services inflation also moderated, though to a lesser
degree. The cooling is a positive signal for the ECB, which raised rates earlier
this month for the first time in nearly three years to counter Iran war‑driven
price pressures; policymakers said they will remain cautious and assess whether
the energy‑led easing is temporary or more persistent.
