12 July 2001, 10:48  French June inflation eases back after sharp May rise

--French prelim June unadj CPI unchanged m/m, +2.1% y/y
--French prelim June adj CPI +0.1% m/m, +2.2% y/y
--French prelim June EU-harmonized CPI unchanged m/m, +2.2% y/y
--French prelim June CPI in line with analyst expectations

Paris, July 12 (BridgeNews) - French consumer prices remained unchanged in June after a sharp 0.7% rise in May as the cost of fresh food, oil products and some manufactured goods eased back, according to preliminary unadjusted data released by national statistics agency INSEE. (See table .6660). The June consumer price index was up 2.1% on an annual basis, still a touch above the key 2% mark identified by the European Central Bank as a worrisome inflation level.

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