France: Inflation moderates in August
September 14, 2015
In August, consumer prices rose 0.3% over the previous month, which contrasted July’s 0.4% decrease and marked a five-month high. The reading was in line with market expectations. According to the national statistical institute (INSEE), the result came on the back of a decrease in prices of petroleum products as well as a fall in prices of fresh foodstuffs, which was partially seasonal..
Inflation inched down from July’s 0.2% to 0.1% in August, which marked a five-month low. Core consumer prices, which do not take into account volatile categories such as fresh food and energy prices nor regulated prices, grew 0.1% over the previous month, which mirrored July’s reading. Core inflation tallied 0.6% in August (July: 0.7%).
Harmonized consumer prices (based on the harmonized index of consumer prices, HICP) rose 0.4% over the previous month, which contrasted July’s 0.5% decrease. Harmonized inflation tallied 0.1% in August (July: 0.2%). Annual average HICP inflation remained stable in August at July’s 0.2%.
Author: Eric Denis , Economist