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2025-09-12 15:03:52
[France's August Inflation Rate Confirmed at 0.9%, In Line with Expectations] ⑴ France's annual inflation rate slowed to 0.9% in August from 1.0% in July, in line with the preliminary estimate. ⑵ A slowdown in service price growth (2.1% vs. 2.5% in July) and a slightly wider decline in manufactured goods prices (-0.3% vs. -0.2%) were the main drags. ⑶ The decline in energy prices narrowed (-6.2% vs. -7.2%), while food (1.6%) and tobacco (4.0%) price increases remained unchanged from July. ⑷ The CPI rose 0.4% month-over-month in August, in line with the preliminary estimate and up from 0.2% in July. ⑸ A rebound in manufactured goods prices (1.3% vs. -2.4%) was the main driver, with clothing and footwear prices rebounding significantly after the end of summer sales (5.6% vs. -9.3%). ⑹ Service prices rose slightly by 0.2% (previous value: 1.3%), and food prices rose by 0.3% month-on-month (previous value: unchanged). ⑺ The annualized harmonized CPI rate in August fell to 0.8% (previous value: 0.9%), and rose by 0.5% month-on-month (previous value: 0.3%).
