French consumer prices continued to decline in may, showed preliminary estimate statistical office Insee on Tuesday.
Consumer prices fell 0.1 percent year-on-year in may, in line with expectations, but slower than the drop of 0.2 percent in April. Prices have been falling since February.
This decline came mainly due to a sharp drop in energy prices and lower prices for manufactured goods.
In monthly terms, inflation has doubled to 0.4 percent from 0.2 percent. The forecasted growth by 0.3 percent.
The harmonized index of consumer prices rose 0.3 percent in may compared to the previous month, as economists had expected. In annual terms it remained stable after a slight decrease of 0.1 percent in the previous three months.