France August Inflation Rises More Than Forecast

France August Inflation Rises More Than Forecast - French annual inflation rose more than expected in August, data from the statistical office Insee showed Wednesday.

EU harmonised annual inflation came in at 2.4 percent in August, up from 2.2 percent in July and slightly above the 2.3 percent rise forecast by economists.

On a monthly basis, the harmonized index of consumer prices climbed 0.7 percent, faster than the 0.6 percent expected increase.

Consumer price inflation accelerated to 2.1 percent from 1.9 percent in July. The largest upward pressures on annual inflation came from the increase of prices of energy.

Month-on-month, the index gained 0.7 percent, reversing July's 0.4 percent fall. Economists were looking for an annual rate of 2 percent and a monthly growth of 0.6 percent.

France August Inflation Rises More Than Forecast - Source: InstaForex