Consumer confidence in France fell to a record low in June as the fastest inflation in 12 years steadily erodes household purchasing power. The consumer sentiment index dropped to minus 46, the lowest since the scale was introduced in 1987, and down from a revised minus 42 in May, according to the Paris-based national statistics office, Insee, earlier today.
The sub index measuring the individuals outlook for their personal financial situation declined to minus 23 from minus 19, while the outlook for the standard of living sub index fell to minus 57 from minus 50.
French consumer prices climbed at an annual 3.7 percent rate in May, exactly matching the rate for the euro region for the month.
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