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Financial News: France's Consumer Prices Climb As Estimated In August

France's Consumer Prices Climb As Estimated In August

09/13/2018 - 03:40:00 (RTTNews)

(RTTNews) - France's consumer prices grew at a steady pace in August, final data from the statistical office Insee showed Thursday.

Consumer price inflation came in at 2.3 percent, the same rate as registered in July, and in line with the preliminary estimate published on August 31.

Inflation, based on the harmonized index of consumer prices, remained unchanged at 2.6 percent in August, as estimated.

On month, consumer prices gained 0.5 percent after a slight downturn in July. Monthly inflation came in line with preliminary estimate.

This rebound came from a seasonal increase in manufactured product prices by 1.1 percent after the summer sales in the metropolitan area. Moreover, food price inflation accelerated to 0.3 percent from 0.1 percent, in the wake of those in food excluding fresh products.

The HICP recovered in August, rising 0.5 percent on month, reversing a 0.1 percent fall in July. The monthly rate was revised down from 0.6 percent.

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