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France Inflation August 2023

France: Harmonized inflation increases in August

Harmonized inflation rose to 5.7% in August from July’s 5.1%. Looking at the details of the release, housing and utilities and transportation prices rose at a quicker pace in August compared to the previous month. That said, food inflation eased.

The trend pointed down mildly, with annual average harmonized inflation coming in at 6.4% in August (July: 6.5%). Meanwhile, consumer price inflation rose to 4.9% in August, from July’s 4.3%.

Finally, harmonized consumer prices increased 1.10% in August over the previous month, picking up from July’s 0.05% rise. August’s figure marked the highest reading since February.

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