5 days ago
French Harmonised Inflation Rises to 2.7% in August
Prices in France rose faster in August than they did in July.
Inflation reached 2.7%, compared with 2.4% the month before.
This measure is adjusted so it can be compared with prices in other euro zone countries.
Energy became more expensive and was the main reason for the increase.
Higher prices for oil products also contributed.
The figures were released by France’s statistics agency, INSEE.
Economists and markets are watching these numbers closely.
They want to understand what the figures could mean for interest rates and monetary policy.
The August number is preliminary and could change later.
France’s harmonised inflation rate rose to 2.7% year-on-year in August.
The rate increased from 2.4% in July, according to preliminary data.
Higher energy prices were the main driver of the increase.
Oil products played a particularly important role in pushing inflation higher.
INSEE said the August figure may be revised as more data become available.
- Who
- France’s statistics agency INSEE reported the preliminary figure.
- What
- France’s harmonised inflation rate accelerated to 2.7% year-on-year from 2.4% in July.
- Where
- France.
- When
- August; the data were reported on Friday.
- Why
- Higher energy prices, particularly oil products, drove the increase.
Key facts
- August inflation rate
- 2.7% year-on-year
- July inflation rate
- 2.4%
- Main driver
- Higher energy prices
- Key contributor
- Oil products
- Data status
- Preliminary
- Reporting agency
- INSEE
- Possible changes
- The figure may be revised as additional data become available
Sources
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