In August, consumer prices rose 0.7% over the previous month, which contrasted the 0.4% drop recorded in July. The monthly reading reflected a sharp increase in prices for energy, especially for oil products. As a result, annual inflation rose from 1.9% in July to 2.1% in August, which slightly exceeded market expectations of a 2.0% rate. The core inflation index, which excludes more volatile categories such as oil, fruit and vegetables, added 0.1% over the previous month, which contrasted the 0.2% drop seen in July. Annual core inflation fell from 1.5% in July to 1.3%, its lowest level since October 2011. Finally, HICP inflation (based on the harmonized index of consumer prices) edged up from 2.2% in July to 2.4%. Annual average HICP remained unchanged at July's 2.5%.
Inflation increases in August
September 12, 2012
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France Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics and Economic Studies (INSEE).
France Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) dropped from a revised 52.7 (previously reported: 53.3) in September to 52.2 in October.
October 3, 2016
According to preliminary figures released by the National Statistical Institute (INSEE), consumer prices in September dropped 0.2% over the previous month, contrasting August’s 0.3% increase.
September 28, 2016
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained stable in September at August’s 97 points.
September 23, 2016
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit, rose in September.
September 23, 2016
The French economy contracted in the second quarter.