Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

French inflation eases to three-month low of 1.2%

French inflation eases to three-month low of 1.2%
FILE PHOTO: A young girl looks at school stationery in a supermarket in Nice August 23, 2012. REUTERS/Eric Gaillard -
Eric Gaillard(Reuters)
Euronews logo
Text size Aa Aa

PARIS (Reuters) – French inflation slowed to a three-month low in August in line with expectations, according to preliminary EU-harmonised data from the INSEE stats agency on Friday.

Consumer prices rose 0.5% in August, giving a 12-month inflation rate of 1.2%, the lowest level since May and down from 1.3% in July. Economists polled by Reuters had forecast 1.2% on average.

The decline was driven by a sharper fall in prices for manufactured goods and to a lesser extent energy and tobacco, INSEE said.

Separately, INSEE said that producer prices rose 0.4% in July, and were unchanged over one year.

(Reporting by Leigh Thomas; Editing by Geert De Clercq)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.