PARIS (Reuters) - French inflation accelerated more than expected in August due to renewed price pressures in the energy sector whereas they eased ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSPARIS - French inflation accelerated more than expected in August due to renewed price pressures in the energy sector whereas they eased again in the food sector, preliminary EU-harmonised official data showed on Thursday.
French consumer prices reached a 12-month inflation rate of 5.7%, up from 5.1% in July, the INSEE stats agency said. A Reuters poll of 18 economists had an average forecast for the 12-month inflation rate of 5.4% with estimates ranging from 4.7% to 5.8%. "This rise in inflation is due to a rebound in energy prices. Food prices eased as well as those, to a lesser extent, of manufactured products and services", the stats agency said.
It also confirmed that France, euro zone's second-biggest economy, grew 0.5% in the three months through to the end of June after expanding 0.1% in the first quarter.
France Dernières Nouvelles, France Actualités
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