French HICP YoY Prel (Jun) 2.0% vs. exp. 2.4% (Prev. 2.80%)

"This fall in inflation should be explained by the sharp slowdown in prices of energy, mainly in those of petroleum products, which should, however, remain significantly higher than they were a year ago +11.2% after +16.6%). The prices of services should slowdown over a year, but to a lesser extent, as should those of food; the fall in prices of manufactured products should intensified, partly due to calendar effects, the June data collection included more days of the sales period than last year."