The consumer prices have started to rise again in August – The Tribune.fr

The consumer prices have started to rise again in August – The Tribune.fr

Inflation has been low in August. The consumer prices rose 0.4% in France, after falling 0.3% in July, they travel over a year enrolling at 0.4%, its lowest level since November 2009, announced Thursday the National Institute of Statistics and Economic Studies (INSEE).

The underlying inflation (excluding public tariffs and products with volatile prices) increased by 0.3% over the month and 0.4% over the twelve months to August, after 0.2% and 0.1% respectively in July. . The non-tobacco inflation is it 0.4% annual rate

Increase seasonal

The effect of this increase is amplified by a purely technical factor: “a shift in the price collection period” , where “in August integrates fewer days of sales as last year” (2 days in 2014 against 7 in 2013 20-day collection), says the institute. In fact:

“The increase in consumer prices in August 2014 mainly due to the seasonal increase in prices of some services at the heart of the holiday and that of the products manufactured output balances in the metropolis. “

Prices of manufactured products rose by 1.9%, while falling 0.5% year on year. The prices of services increased by 0.3% (+1.9% yoy).

energy prices fell 0.8% (-1.5% on a year) due to a further decline in the price of city gas (-1.2%, -3.1% yoy) and those of petroleum products (-1.1%, -3.3% on a year), a decline of 1.3% for fuels (-3.3% yoy).

Lower government forecasts

The day before, the government lowered its inflation forecast to 0.5% in 2014 and 0.9% in 2015 Citing the weak growth and inflation at its lowest, the Finance Minister Michel Sapin, said the public deficit would reach 4 4% of GDP at end-2014, from 3.8% previously expected, more than the 4.1% in 2013

Public Finance Analysis. kick poker Michel Sapin

Germany has meanwhile released its final figures for August on Thursday, with prices unchanged over a month and rising by 0.8% year on year. Germany’s central bank expects inflation this year to 1.1% in Germany, far from the level deemed desirable by the European Central Bank (ECB) to higher prices of almost 2%.