France: Inflation remains stable in August
August 31, 2016
According to preliminary figures released by the National Statistical Institute (INSEE), consumer prices in August increased 0.3% over the previous month, contrasting July’s 0.4% drop. August’s reading reflected higher prices for food and a slower pace of decline in energy prices.
Inflation in August remained steady at July’s 0.2%. Meanwhile, annual average inflation in August inched up to 0.1% from July’s flat reading.
Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) increased 0.3% over the previous month (July: -0.4% month-on-month). Harmonized inflation rose 0.4% annually in August, in line with July’s print. Meanwhile, annual average HICP inflation edged up to 0.2% from July’s 0.1%.