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- French CPI up 0.3% in August, as expected
French CPI up 0.3% in August, as expected
In August 2016, the Consumer Prices Index (CPI) grew by 0.3% over a month, after a decrease of 0.4% in July. Seasonally adjusted, it fell by 0.1%, after a stability in July. Year-on-year, the CPI rose by 0.2%, as in the two previous months.
This month-on-month drop was largely seasonal: it arose mainly from the seasonal rebound in the manufactured product prices at the end of the summer sales in Metropolitan France and in some tourism-related services. In addition, food prices kept on rising slightly, especially due to fresh foodstuffs. These increases were partially offset by a further decline in petroleum product prices.
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