French Annual Inflation Accelerates In August

Sep 13, 2007 - French annual inflation accelerated to 1.2% in August, the statistical office INSEE said Thursday. Annual inflation stood at 1.1% in July. The consumer price index for all households rose 0.4% in August from the prior month, while economists expected a 0.3% rise.

The index, adjusted for seasonal variation, rose 0.3% on month, larger than a 0.1% rise seen in July. The underlying inflation indicator rose 0.2% in August from the prior month. The annual underlying inflation increased to 1.5% from 1.4% recorded in July.

The Harmonized Index of Consumer Prices or HICP moved up 0.4% on a monthly basis and rose 1.4% from the previous year. Economists expected 0.3% rise on month and an annual HICP inflation of 1.2%.