France August Inflation Rises to 2.4 Percent

France's consumer price index rose 2.4 percent year on year in August, accelerating from 2.1 percent in July. Data released by the Institut National de la Statistique et des Études Économiques shows the increase was primarily driven by energy prices, which soared 16.7 percent annually.

Food prices saw a slight annual increase to 1.1 percent, while service prices fell 1.9 percent. On a monthly basis, the index rose 0.7 percent in August, influenced by seasonal increases in energy, food, and manufactured goods. Core inflation decreased to 1.1 percent year on year, down from 1.3 percent in July.

Reporting on the final figure varied slightly, with one source citing an inflation rate of 2.6 percent while the official agency reported 2.4 percent.