France’s inflation expected to lessen by September

Olivia Gregoire, government minister responsible for SMEs, said on Sunday food price inflation in France should slow down by September.

Similar comments were also released by European Central Bank (ECB) member Francois Villeroy de Galhau and Bank of France governor.

The French economy grew 0.2 percent in the first quarter of this year. Inflation level increased reaching 5.9 percent in April.