In August 2024, France witnessed a notable decrease in its Inflation Ex-Tobacco rate, which fell to 1.70%, down from 2.20% in July 2024. This significant shift marks a promising change for the country’s economy, suggesting a cooling-off period in inflationary pressures.The data, updated on 13 September 2024, indicates that the current figure compares the change from this August to the same month a year ago. This year-over-year examination highlights a reduction in inflation rates, offering a potentially stabilizing factor for the French financial landscape. The drop from July’s 2.20% to August’s 1.70% could signal a temperate phase for consumer prices, excluding tobacco products.This uptick in economic data provides a refreshing outlook for both consumers and policymakers, who have been carefully monitoring inflation rates amid broader economic challenges. Analysts will be keenly observing the forthcoming months to ascertain whether this trend continues and to what extent it will impact economic growth and consumer confidence in France.The material has been provided by InstaForex Company – www.instaforex.com
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