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France Inflation Steady In August

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France Inflation Steady In August

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.

The material has been provided by InstaForex Company – www.instaforex.com