French Inflation Climbs to Fresh Record in June

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Bloomberg Markets and Finance published this video item, entitled “French Inflation Climbs to Fresh Record in June” – below is their description.

French inflation rose to the highest level since the euro was introduced as steeper increases in energy and food costs drove consumer-price growth to 6.5% in June. Zoe Schneeweiss reports on Bloomberg Television.

Bloomberg Markets and Finance YouTube Channel

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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