Inflation Slows Globally as Consumer Spending Stabilizes

Inflation in France slowed in June due to declining energy prices and slower food inflation, while consumer spending increased slightly.
Consumer spending on goods rose in France in May, offsetting a drop the previous month.
Inflation in the eurozone slowed for a third straight month in June because of falling energy prices and slower food inflation.
US consumer spending was nearly flat in May, while inflation also slowed as expected.
A key measure of US inflation rose slightly in May but remained below the Federal Reserve’s target.