Over a year, the French Consumer Price Index (CPI) should increase by 2.3% in August 2018

Over a year, the Consumer Price Index (CPI) should increase by 2.3% in August 2018 as in July, according to the provisional estimate made at the end of the month. The inflation should be also stable, the slowdown in energy prices being nearly offset by a slight rise in food prices. Services and tobacco prices should increase similarly to the previous month. Manufactured good prices should decline at the same pace as in July.

Over one month, consumer prices should recover significantly (+0.5% after -0.1% in July). This increase should mainly be due to a seasonal rebound in manufactured product prices after the summer sales in the metropolitan area, and to a seasonal rise in the prices of some tourism-related services. In addition, food prices should increase slightly, in the wake of food products excluding fresh products. Tobacco and energy prices should be stable this month. The slight rise in the prices of petroleum products and domestic gas should be offset by lower electricity prices.

Year on year, the Harmonised Index of Consumer Prices should increase by +2.6% as in the previous month. Over one month, it should rebound to +0.6% after a decline of 0.1% in the previous month.