French inflation hits 27-month high of 2.8 percent in May
French consumer prices rose at their fastest pace in over two years this May as energy costs surged nearly 17 percent. The harmonized inflation rate reached 2.8 percent, slightly below analyst expectations, while services and manufactured goods prices showed limited impact from the energy spike.
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France consumer price inflation rose to 2.8% in May, reaching its highest level since February 2024. The rate climbed from 2.5% in April but trailed the 2.9% median forecast in a Reuters poll. Investors are tracking whether high energy costs will eventually trigger broader price increases across the Eurozone's second-largest economy.
