Inflation fell and stood at 5.1% over one year in May, its lowest level since spring 2022, according to INSEE

Inflation slowed markedly in France in May to stand at 5.1% over one year, after reaching 5.9% in April and more than 6% at the start of the year, according to an initial estimate published on Wednesday 31 May by INSEE. “This drop in inflation would be due to the year-on-year slowdown in energy prices (…) of manufactured goods and services”but also food, up 14.1% year on year in May after growing 15% in April, explains the National Institute of Statistics and Economic Studies.