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- French consumer price index rose in line with forecasts in August
French consumer price index rose in line with forecasts in August
According to the report from INSEE, in August 2021, the Consumer Price Index (CPI) rose by 0.6% over one month, after +0.1% in July. The prices of manufactured goods rebounded sharply (+1.1% after −1.8%) linked to the end of summer sales. The prices of food accelerated (+0.7% after +0.1%) and those of tobacco were stable after a decrease in the previous month. The prices of services (+0.4% after +0.7%) and those of energy (+0.6% after +2.2%) slowed down.
Seasonally adjusted, consumer prices rose by 0.4% in August, as in July.
Year on year, consumer prices grew by 1.9%, after +1.2% in July. This increase in inflation resulted from the rebound in manufactured good prices (+1.1% after −1.1%). The prices of food (+1.3% after +0.9%) and those of energy (+12.7% after +12.3%) accelerated. The prices of services increased slightly (+0.7% after +0.6%). The increase in tobacco prices maintained at the same level as in the last month (+5.1%).
Year on year, core inflation grew in August, up to +1.5%, after +0.4% in July. The Harmonised Index of Consumer Prices (HICP) rose by 0.7% over one month after +0.1% in the previous month; year on year, it increased by 2.4%, after +1.5% in July.
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