PARIS, May 27 (Xinhua) -- France's consumer price index (CPI) is expected to rise only by 0.7 percent year-on-year in May, marking the lowest increase since February 2021, the French National Institute of Statistics and Economic Studies (INSEE) said Tuesday.
INSEE attributed the expected drop in inflation to a slowdown in service prices, particularly in the transport sector. A sharper decline in communication costs and a deeper fall in energy prices also contributed.
