The French Consumer Price Index (CPI) for August 2024 has shown a marked decrease, reaching 1.9%, according to the latest data updated on 30 August 2024. This figure is down from the 2.3% recorded in July 2024.Year-over-year comparisons reveal the actual rate of inflation for August 2024 in comparison to August 2023, reflecting a continued trend of deceleration. The previous month’s data, comparing July 2024 to July 2023, initially indicated the higher rate of 2.3%.This notable decrease signifies potential reprieve for consumers from inflationary pressure, although detailed analysis would be necessary to understand the underlying causes and their broader economic implications. The continuous monitoring of CPI trends will remain essential for foreseeing the direction of France’s economic health in the coming months.Stay tuned for more updates as we delve deeper into the factors contributing to this reduction in inflation.The material has been provided by InstaForex Company – www.instaforex.com
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