India, June 27 -- France's inflation accelerated more than expected in June largely due to higher services costs but the overall rate remained below the 2 percent target, preliminary estimate from the statistical office INSEE showed on Friday.
Consumer prices increased 0.9 percent year-on-year in June, faster than the 0.7 percent rise in May. The rate was forecast to remain unchanged at 0.7 percent.
EU harmonized inflation stood at 0.8 percent, while it was expected to rise moderately to 0.7 percent from 0.6 percent in May. Final data is due on July 11.
Although inflation accelerated in June, it remained well below the European Central Bank's target of 2 percent.
The increase in inflation reflects the acceleration in the prices of servi...