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Financial News: France Inflation Steady In August

France Inflation Steady In August

08/30/2019 - 06:57:00 (RTTNews)

(RTTNews) - France's consumer price inflation remained stable in August, flash data from the statistical office INSEE showed on Friday.

The consumer price index rose 1.1 percent year-on-year in August, as the same rate seen in July. Economists had expected a 1.0 percent rise.

On a monthly basis, consumer prices rose 0.5 percent in August, after a 0.2 percent fall in July. Economists had expected a 0.4 percent rise.

Inflation based on the harmonized index of consumer prices, or HICP, which is meant for EU comparison, climbed 1.2 percent year-on-year in August, following a 1.3 percent rise in July.

The HICP rose 0.5 percent month-on-month in August, after a 0.2 percent fall in the previous month. That was in line with economists' expectation.

Separate data from the statistical office showed that the producer prices rose 0.5 percent month-on-month in July, reversing a 0.6 percent fall in the previous month.

The producer prices remained unchanged year-on-year in July.

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