Inflation stabilizes at 1.1% in August over one year


Illustration of a supermarket – DENIS CHARLET / AFP

Inflation, ie the rise in consumer prices, stabilized at 1.1% year-on-year, in August, the same level as in July,
according to a provisional estimate published by INSEE this Friday.

The stabilization of inflation is due to the continued fall in prices of manufactured products, explains the agency in charge of statistics and economic studies.

A slowdown in energy and tobacco prices

This stabilization is "due to a sharper decline in the prices of manufactured products" and a slowdown in energy and tobacco prices, "offset by an acceleration in food prices," details INSEE in its statement.

Inflation rose to 1.2% in June, after falling to 0.9% in May.

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