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—particularly 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

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—particularly 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.