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Inflations in France, Spain reach new high in nearly 40 years

2022-07-30 10:29:52       source:CGTN

July 30, 2022

Inflation reached the highest levels in nearly four decades in both France and Spain, statistics showed on Friday.

France's yearly Consumer Price Index (CPI) is predicted to surge by 6.1 percent in July, the highest since 1985, the French National Institute of Statistics and Economic Studies (INSEE) said on Friday in its provisional estimation.

According to the INSEE, the rise of the CPI should result from "the acceleration of service prices linked to the summer period, food prices and, to a lesser extent, manufactured good prices."

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