Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
French inflation soared to a near three-year high in August, with HICP jumping to an annual pace of 2.4% (above expectations of a rise to 2.2%) from 1.5% in July. That's that highest level since October of 2018, according to data released by Insee on Tuesday. HICP rose by 0.7% between July and August.
CPI increased by 0.6% in August, for a higher-than-expected 1.9% annual rise, the highest level since November of 2018. Energy prices provided the biggest boost to inflation, rising by a 12.7% over the same period of 2020, while fresh food prices increased by 6.3% and tobacco jumped by 5.1%. Manufactured goods increased by 1.3%, while services rose by just 0.7% annually.
Producer prices increased by 1.1% in July, matching the June increase, for an 8.0% annual rise, all of which could put upside pressure on headline eurozone inflation data later Tuesday.
Source: Insee
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.