France: Harmonized inflation hits over two-year high in August
Consumer prices increased 0.61% over the previous month in August, picking up from the 0.06% rise seen in July. August’s uptick marked the highest reading since March 2019. The result was largely driven by rising prices for manufactured products as well as higher food prices.
Harmonized inflation rose to 2.4% in August, following July’s 1.5%. August’s result represented the highest inflation rate since October 2018. Annual average harmonized inflation edged up to 1.0% in August (July: 0.9%). Consumer price inflation rose to 1.9% in August, from July’s 1.2%.