Inflation is falling, growth is hesitant Economic Outlook - June 2023
Focus - Inflation in the main European economies
During the first months of 2023, the year-on-year variation in consumer prices decreased overall in the main European economies. Inflation trends continue to be determined largely by change in energy prices: the contribution of energy to inflation has declined in all countries since the start of the year, with Spain set apart with a negative contribution since December 2022. The decline in energy inflation can be explained mainly by “base effects”, especially in March 2023, reflecting the effects of the outbreak of war in Ukraine a year earlier. Inflation excluding energy and food products remains dynamic, although in the Eurozone countries, the business tendency surveys suggest a slowdown in production prices in the manufacturing industry for the coming months...
Conjoncture in France
Paru le :26/06/2023