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Financial News: France Inflation Rises In September

France Inflation Rises In September

09/29/2017 - 03:44:00 (RTTNews)

(RTTNews) - France's consumer price inflation increased marginally in September, flash data from the statistical office Insee showed Friday.

Consumer price inflation rose slightly to 1 percent in September from 0.9 percent in August. The rate came in line with expectations. This was the highest since April.

The annual increase was driven by an acceleration in food and energy prices.

Month-on-month, consumer prices fell 0.1 percent, after a rebound in August. Prices were forecast to drop 0.2 percent.

Inflation, based on the harmonized index of consumer prices, climbed to 1.1 percent, as expected, from 1 percent in August.

On a monthly basis, the HICP slid 0.1 percent in contrast to a 0.6 percent rise in the previous month. Economists had forecast a 0.2 percent fall. Final data is due on October 12.

Another report from Insee showed that producer prices in the French market gained 0.4 percent in August from July, when they rose 0.1 percent. Year-on-year, producer prices climbed 2 percent in August.

Producer prices in overall markets grew 0.3 percent on month after a stability in July. Annual growth advanced to 1.9 percent from 1.5 percent in July.

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