France Inflation August 2016


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%.

The government expects inflation to average 0.1% in 2016 and 1.0% in 2017. FocusEconomics Consensus Forecast panelists expect HICP inflation to average 0.3% in 2016, which is unchanged from last month’s forecast. For 2017, panelists project that inflation will accelerate to 1.2%.

Author: Jean-Philippe Pourcelot, Economist

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France Inflation Chart

France Inflation August 2016 0

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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