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France Inflation At 4-Month High

France’s inflation accelerated to a four-month high in August, as initially estimated, final data from the statistical office Insee showed Thursday.

Consumer price inflation rose to 0.9 percent, in line with flash estimate, from 0.7 percent in July. This was the highest since April, when inflation was 1.2 percent.

Month-on-month, consumer prices climbed 0.5 percent, reversing July’s 0.3 percent decline. Monthly inflation matched preliminary estimate released on August 31. Seasonally adjusted, consumer prices rose 0.2 percent after two months of stability.

Core inflation held steady at 0.5 percent in August, data showed.

Inflation, based on harmonized index of consumer prices, accelerated to 1 percent, as estimated, from 0.8 percent in July. On a monthly basis, the HICP advanced 0.6 percent, as estimated, but in contrast to a 0.4 percent drop in July.

The material has been provided by InstaForex Company – www.instaforex.com