French inflation hits another record, feeding rate debate

Consumer prices in the euro area’s second-largest economy jumped 5.8% from a year ago in May as surging energy and food costs continued to filter through to other goods and services

With data this week from Germany and Spain already exceeding expectations, the French figures suggest an overshoot when the the euro zone reports inflation numbers later Tuesday.

French inflation accelerated to another all-time high, heaping pressure on the European Central Bank to lift interest rates more aggressively after strong readings in Germany and Spain.

Consumer prices in the euro area’s second-largest economy jumped 5.8% from a year ago in May -- matching the median estimate of economists surveyed by Bloomberg -- as surging energy and food costs continued to filter through to other goods and services.