France confirms July’s 2.3 per cent inflation rate

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PARIS (AFP) – French consumer prices rose 2.3 per cent in July from a year earlier, a slight increase from June’s 2.2-per-cent rate, largely due to higher energy prices, state statistical institute Insee said yesterday.

The report confirmed the preliminary figure released two weeks ago. Compared to the previous month, prices rose 0.2 per cent in July, which was revised upwards from 0.1 per cent. Insee also reports inflation rates that are harmonised across the European Union.

By this so-called IPCH measure, French annual inflation was 2.7 per cent in July, revised up from 2.6 per cent in the preliminary report.

PHOTO: ENVATO