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Financial News: France Inflation Eases In September

France Inflation Eases In September

09/28/2018 - 03:38:00 (RTTNews)

(RTTNews) - France consumer price inflation slowed marginally in September, the provisional estimate from the statistical office Insee showed Friday.

Inflation eased to 2.2 percent in September from 2.3 percent in August. The rate was expected to remain at 2.3 percent. Final data is due on October 11.

Month-on-month, consumer prices dropped 0.2 percent, in line with forecast, reversing a 0.5 percent rise in August. The downturn reflects seasonal changes in tourism-related services.

EU harmonized inflation slowed slightly to 2.5 percent, while it was expected to remain unchanged at 2.6 percent.

On a monthly basis, the harmonized index of consumer prices slid 0.2 percent, in contrast to a 0.5 percent rebound in August. The monthly rate came in line with expectations.

In a separate communique, Insee showed that producer prices in domestic market gained 0.2 percent on month in August, taking the annual rate to 3.7 percent.

Another report from Insee revealed that household spending rebounded at a faster than expected pace in August driven by the jump in manufactured goods consumption.

Household expenditure advanced 0.8 percent in August after staying flat in July. Spending was expected to advance moderately by 0.3 percent.

Manufactured goods consumption climbed 2.5 percent following a flat change a month ago.

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