2023-09-15 11:49:04
Published on September 15, 2023 at 11:37 Updated on September 15, 2023 at 11:49
INSEE has revised its copy. The consumer price index stood at 4.9% over one year in August, fueled by the “clear rebound” in energy prices, the National Institute of Statistics said this Friday, revising slightly increasing its first estimate (4.8%).
Inflation marked a jump after the 4.3% increase over one year recorded in July. It was fueled by energy prices which increased by 6.8% year-on-year in August (after a decline of 3.7% in July), due to the 10% increase in electricity prices. electricity and the rebound in gasoline prices.
Food, double-digit inflation
Food prices – one of the main drivers of inflation – continued to record a double-digit increase (11.2%), but marked a slowdown compared to July (12.7%). Prices of services (3%) and manufactured products (3.1%) also slowed.
Unlike total inflation, underlying inflation, which excludes the most fluctuating elements such as energy and certain food products, and thus makes it possible to identify an underlying trend in the evolution of prices, was registered down to 4.6% year-on-year in August, after 5% in July. The harmonized consumer price index (HICP), used for EU-wide comparisons, increased from 5.1% in July to 5.7% in August.
Source AFP
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