trending Market Intelligence /marketintelligence/en/news-insights/trending/K2H9avWZNKz_ZFCXmLT40w2 content esgSubNav
In This List

French harmonized monthly inflation confirmed at -0.4%

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


French harmonized monthly inflation confirmed at -0.4%

French harmonized monthly consumer prices dropped by 0.4% in July, final data from the National Institute of Statistics and Economic Studies showed.

In annual terms, harmonized inflation was confirmed at 0.8%.

Nonharmonized consumer price inflation was negative 0.3% in July compared with the zero month-over-month change in June. Manufactured product prices fell 2.9% and energy prices slipped 1.3%, in their fifth consecutive monthly decline. Year over year, the consumer price index increased 0.7% as tobacco prices advanced 2.4% and energy prices increased 1.9%.

Service prices advanced by 1.0% month over month, up from the 0.3% increase in the June as prices of accommodation services surged by 10.5% and airfares jumped 21.8%.

The July core inflation indicator remained unchanged after a 0.1% rise in the previous month.