The French Harmonized Index of Consumer Prices (HICP) took a notable dip in August 2024, reaching 2.2% compared to 2.7% in the same month last year. The promising drop in the inflation indicator was updated and released on 13 September 2024.This year-over-year comparison suggests a significant reduction in inflationary pressures within the French economy, having fallen by 0.5 percentage points from the previously recorded HICP of 2.7% in August 2023. The data offers a hopeful indication of stabilizing consumer prices after a year of higher inflation, providing potential relief for both consumers and policymakers concerned with purchasing power and economic stability.The material has been provided by InstaForex Company – www.instaforex.com
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