France's harmonized inflation rate rose to 2.7% year-on-year in August, up from 2.4% in July, according to preliminary INSEE data. The statistics agency pointed to higher energy prices, particularly oil products, as the driver.
France's harmonized inflation rate climbed to 2.7% year-on-year in August, statistics agency INSEE reported in preliminary figures released Friday. That compares with 2.4% recorded in July, marking a pickup in the pace of price growth.
The harmonized measure allows direct comparison with other euro zone economies, making it a reference point for eurozone-wide inflation tracking. INSEE attributed the acceleration to higher energy prices, with oil products showing particular strength during the month.
Source: Investing.com (snippet-based)
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