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Investing.com -- French consumer prices in May saw a smaller increase than expected, as per the preliminary data released by the statistics agency INSEE on Tuesday.
The harmonized inflation rate of France, which is adjusted for comparison with other countries in the euro zone, recorded a year-on-year rise of 0.6% in May.
Prior to the release of the data, a poll consisting of 21 analysts had predicted a higher rate of 0.9%, with individual estimates varying from 0.7% to 0.9%.
The actual inflation rate in France for May, therefore, fell below these anticipations.
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