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      3. French Inflation Hits New Record of 5.8% in May

      French Inflation Hits New Record of 5.8% in May

      31 May 2022

      French inflation rose more than expected in May to a new record, preliminary EU-harmonized data showed on Friday.The INSEE statistics agency said consumer prices rose 0.7% in May for a 12-month inflation rate of 5.8%, up from 5.4% in April to hit the highest rate since France began using European Union methodology to calculate the readings in the early 1990s.

      Source:  Reuters
      Post by: Republic of Turkiye Ministry of Trade
       

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