Inflation in France hikes to highest since 1985 ...Middle East

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MOSCOW: French consumer price index (CPI), used as a measure of inflation, reached 6.1 per cent in July year-on-year, breaking a new record since 1985, Sputnik reported, quoting the National Institute of Statistics and Economic Studies (INSEE) on Friday.“Year on year, consumer prices grew by 6.1 per cent after 5.8 per cent in June. This increase in inflation resulted from the acceleration of service ( 3.9 per cent after 3.3 per cent), food (6.8 per cent after 5.8 per cent) and, to a lesser extent, manufactured goods prices (2.7 per cent after 2.5 per cent),“ the INSEE said.High energy prices largely contributed to the booming inflation despite slightly slowing down their year-on-year growth

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