24 days ago • Posted by Djellza Kolloni

France Inflation rate highest since 2018

France's annual inflation rate increased to 1.9% 2021, up from 1.2% in July, and was higher than market expectations of 1.7%. It's the highest rate since November 2018, according to preliminary data, owing to a rebound in the cost of manufactured goods (1.3% vs. 0.9% in July) and the conclusion of summer sales. Food costs (1.2% vs 0.9%), energy (12.7% vs. 12.3%), and services (0.7% vs. 0.6%) all climbed faster, but tobacco prices (5.1%) were unchanged from July. The monthly inflation rose to 0.6% in August, up from 0.1% in July. Source: TradingEconomics