France's June inflation decrease exceeds expectations

```htmlGolden Ten Data reported on June 30 that France's June inflation rate fell more than market expectations, indicating that price pressures are starting to ease against the backdrop of easing US-Iran tensions leading to lower energy costs. Data released by France's National Institute of Statistics on Tuesday showed that the year-on-year increase in consumer prices slowed from 2.8% in May to 2.0%, while markets expected inflation to drop to 2.3%. The National Institute of Statistics stated that this slowdown in inflation was mainly due to a sharp deceleration in energy prices, especially oil prices. In addition, the rise in service prices has also narrowed, but to a lesser extent. The cooling of inflation is primarily influenced by expectations of a preliminary peace agreement being reached between the US and Iran, which led to a sharp drop in energy prices in June. The slowdown in inflation is a positive signal for the European Central Bank. Earlier this month, the ECB carried out its first rate hike in nearly three years, becoming the first major central bank to take action in response to price increases driven by the Iran war. However, policymakers are expected to remain cautious, continuing to assess whether the recent energy-driven price pressures are just temporary or will have a more lasting inflationary impact.```