Inflation in France grew to 2.7% in July

Consumer prices in France, harmonized with EU standards, increased by 2.7% year-on-year in July, Report informs referring to the National Statistical Office Insee.

Thus, inflation accelerated compared to June, when prices rose by 2.5%.

Consumer prices calculated according to French standards rose by 2.3% year-on-year and by 0.2% month-on-month last month. In June, the first indicator increased by 2.2%, the second by 0.1%.

The increase in energy prices in France in July accelerated to 8.5% year-on-year from 4.8% the month before, while food prices slowed to 0.5% from 0.8%.

Services went up in price by 2.5% (2.9% the month before).