Energy prices in particular experienced a slowdown compared to April, detailed INSEE.
Inflation marked time in May, falling to 5.1% over one year, due to the slowdown in energy and food prices, INSEE announced on Thursday June 15, confirming its first forecast. Consumer price inflation reached 5.9% year on year in April.
Energy prices slowed in May (2% after 6.8% in April) attributable to the fall in the price of petroleum products such as diesel, detailed the National Institute of Statistics. The rise in gas prices was a little less sharp (21.6% after 22.9%) while those of electricity showed no respite (+11.3% after +11.2%).
“Food prices slow for the first time since September 2021”
Having become the leading driver of inflation ahead of energy, food prices rose by 14.3% over one year in May, slightly less than in April (15%). “Excluding fresh produce, food prices are slowing for the first time since September 2021” (14.9% after 15.8%), underlined INSEE, but “the prices of fresh produce are increasing at a rate comparable to that of April” (10.7% after 10.6%).
In detail, while the rise is easing for the prices of bread, cereals, meat, milk, cheese, eggs, oils, fruit or fresh fish, it is accelerating for sugar , jam, honey, chocolate, confectionery or fresh vegetables.