In its latest data update on September 13, 2024, the French National Institute of Statistics and Economic Studies (INSEE) revealed that the Consumer Price Index (CPI) for France decreased significantly to 1.8% in August 2024. This marks a notable decline from the previous month’s CPI, which was recorded at 2.3% in July 2024.The year-over-year change reflects a deceleration in the inflation rate when comparing the month of August 2024 to the same month a year ago. In contrast, the July 2024 figure also measures the change against July of the previous year, showing that inflation has been reducing progressively over the recent months.Economists and market analysts will be closely monitoring this downward trend, as it could indicate various economic adjustments within the country. The reduction in CPI can have extensive implications for monetary policy decisions, consumer purchasing power, and overall economic health.The material has been provided by InstaForex Company – www.instaforex.com
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