France Inflation August 2019

France

France: Inflation edges down in August

September 12, 2019

Consumer prices rose 0.5% month-on-month in August, contrasting July’s 0.2% month-on-month drop. According to the Statistical Institute (INSEE), the increase largely reflected a rebound in prices for manufactured goods.

Inflation edged down to 1.0% in August from 1.1% in July, while annual average inflation ticked down to 1.4% from 1.5%.

Harmonized consumer prices increased 0.5% month-on-month in August (July: -0.2% month-on-month), while harmonized inflation matched July’s 1.3% result. In turn, annual average harmonized inflation moderated to 1.6% from 1.8% a month prior.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.3% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see harmonized inflation averaging 1.4%, which is also unchanged.


Author:, Economist

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France Inflation August 2019

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics and Economic Studies (INSEE).


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