The first France inflation slowdown is here: inflation slows to 5.8% in August in France, according to a provisional Insee estimate.
This is the first slowdown in inflation in a year.
Your credit card will finally become less hot, even if prices continue to skyrocket. The rise in consumer prices in France slowed in August, to 5.8% year-on-year, compared with 6.1% in July, according to provisional data published Wednesday by Insee.
France inflation slowdown
This drop in inflation is due "to the slowdown in energy prices," explains the National Statistics Institute in a statement, while the rise in prices for manufactured goods and food is accelerating and that of prices for services is growing at the same pace as in July.
This is the first year-on-year slowdown in the rise in consumer prices in France since July 2021, when inflation was limited to 1.2%.
Between November and December 2021, prices had increased at the same rate, at 2.8% year-on-year. On a month-on-month basis, however, the increase accelerated with consumer prices rising by 0.4% between July and August, compared to 0.3% between June and July.
France inflation slowdown stats
In August, food prices increased by 7.7%. The increase was more contained (+3%) for fresh products than for other food products.
Energy prices jumped by 22.2%, but this is less than in July, when the increase reached 28.5%. The prices of manufactured products, on the other hand, accelerated markedly, with an increase of 3.5%, compared to 2.7% the previous month, while services rose by 3.9% year-on-year, the same as in July.
Finally, the harmonized consumer price index (HICP), which serves as a basis for comparison at European level, increased by 6.5% year-on-year in August, compared with 6.8% in July. Over one month, the HICP increased by 0.4%, compared to 0.3% the previous month.
# France inflation slowdown #
More news:
Ardennes: He launches an appeal to find vines that have been missing for 100 years
This 29-year-old winemaker wants to revive the Argonne Ardennes vineyard, which disappeared at the end of the nineteenth century.
A 29-year-old winemaker has launched a bet: to revive the Argonne Ardennes vineyard. Based in Vouziers (Ardennes), Sylvain Chen planted vines in 2018 and is trying to find old grape varieties that have disappeared, relays France 3 Grand Est. If the vineyards no longer exist, it is because of the rural exodus but also because of the phylloxera crisis. Thus, the young winemaker launches an appeal to all the inhabitants of the Argonne Ardennes who have vineyards in their gardens.
If they wish, they can send him photos of their bunches as well as leaves, without forgetting the place at the address: vin.d-argonne@laposte.net . Depending on the case, Sylvain Chen may decide to travel to collect a sample that will then be analyzed in a laboratory.
The winemaker's goal is to be able to make wine from these indigenous grape varieties, but many of the vines seem to have been torn off. A feasibility study has been launched by the Argonne Ardennes community of municipalities with the aim of installing a wine industry on the territory.
Language Model Dialogue Applications
Dyson Purifier Cool Formaldehyde