Inflation accelerates sharply to 1.9% in August in France

Rising prices at the consumption accelerated sharply in August to 1.9% over one year, against 1.2% in July, according to the provisional estimate published by
l’Insee, this Tuesday.

“This increase in l’inflation would result in particular from the rebound in the prices of manufactured products in connection with the end of the summer sales. Food and energy prices should accelerate ”,
notes the Institute of Statistics, the practice of which is to use the conditional since the estimates are provisional until the publication of the final figures on September 15.

Declining services and energy

He also underlines that “the prices of services would increase slightly in line with those of transport. The rise in tobacco prices should continue, over one year, at the same rate as the previous month ”. Over one month, consumer prices rose 0.6% in August, after + 0.1% in July.

Also according to this estimate, the prices of manufactured products have “clearly” rebounded, those of food have accelerated “in the wake of those of fresh products” and those of tobacco are stable after a drop the previous month, underlines INSEE . On the other hand, the prices of services and those of energy are slowing down. Finally, the harmonized consumer price index, which serves as a basis for comparison at European level, should increase by 2.4% after + 1.5% in July. Over one month, it should grow by 0.7% after + 0.1% the previous month.

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