Retail

French CPI up 0.5% MoM, 1.8% YoY in Aug: INSEE

14 Sep '24

2 min read

French CPI up 0.5% MoM, 1.8% YoY in Aug: INSEE

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The French consumer price index rose by 0.5 per cent month on month (MoM) in August after a MoM rise of 0.2 per cent in July and went up by 1.8 per cent YoY in the month after a 2.3-per cent YoY rise in July.
Clothing and footwear prices rose by 6.2 per cent MoM after a 10.7-per cent MoM drop in July and by 1 per cent YoY after July's 0.9-per cent YoY rise.

The French consumer price index (CPI) increased by 0.5 per cent month on month (MoM) in August this year after a MoM rise of 0.2 per cent in July and went up by 1.8 per cent year on year (YoY) in the month after a 2.3-per cent YoY rise in July, according to the National Institute of Statistics and Economic Studies (INSEE).

This rise in prices was mainly due to the 1.4-per cent MoM rebound in prices of manufactured products from the July figures that dropped by 2.3 per cent MoM, and notably the one in prices of clothing and footwear, which rose by 6.2 per cent MoM in August after a 10.7-per cent MoM drop in July.

Seasonally-adjusted consumer prices increased by 0.2 per cent MoM in August after a 0.4-per cent MoM rise in July.

The YoY drop in inflation resulted from the very sharp slowdown in prices of energy. Year on year, the prices rose by 0.4 per cent in August after a 8.5-per cent rise in July.

The prices of manufactured products decreased slightly by 0.1 per cent year on year in August, after remaining stable in July.

The prices of clothing and footwear accelerated slightly by 1 per cent YoY in August after a 0.9-per cent YoY rise in July. The prices of furniture and furnishings rebounded YoY in August.

Fibre2Fashion News Desk (DS)

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