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- French CPI recovered to +0.5% over a month, after a slight downturn in July
French CPI recovered to +0.5% over a month, after a slight downturn in July
In August 2018, the Consumer Prices Index (CPI) recovered to +0.5% over a month, after a slight downturn in July. This rebound came from a seasonal increase in manufactured product prices (+1.1% after −2.8%) after the summer sales in the metropolitan area. Moreover, food prices accelerated (+0.3% after +0.1%), in the wake of those in food excluding fresh products. Contrariwise, services prices sharply slowed down (+0.3% after +1.1%) due to the seasonal downturn in airfares and the drop in communication services prices.
Seasonally adjusted, consumer prices slowed down to +0.1% after +0.3% in July.
Year on year, consumer prices rose by 2.3%, as in the previous month. This slight drop in inflation resulted from a year-on-year slowdown in energy prices, partly offset by an acceleration in food prices. Services prices rose at the same pace as in the previous month and those of manufactured product fell by 0.1%, as in July.
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