AI Data Insight
France's June CPI month-over-month growth rate reported at -0.3%, pulling back significantly from the previous value of 0.1%, marking the first single-month negative growth this year, and falling below initial market estimates. This month's downtrend was primarily driven by plunging energy prices and a drop in manufactured goods prices due to calendar effects. With inflation pressures substantially easing, the European Central Bank's future room for interest rate cuts will receive further support.