Inflation in France slowed to 1.2% year on year in July

The rise in consumer prices in France slowed in July to 1.2% over one year. Confirming the provisional figures published two weeks ago. Over one month, inflation was 0.1%, said the National Institute of Statistics.

While inflation rose to 1.5% year-on-year in June, July was marked by summer sales that were shifted to allow traders to take advantage of the upturn in consumption after the last lockdown .

Harmonized consumer price index increases in July

Clothing and footwear prices thus fell 7.1% over one year. Those for all manufactured goods fell 1.1%, while those for services rose 0.6%. With rents, water and household refuse collection increasing 1.1%. Energy prices saw their increase over one year accelerate compared to June. Going from 10.9% to 12.3% in July. The cost of natural and city gas soaring by 27, 8%, against an increase still limited to 16.7% in June.

Food products remained almost stable, with a small increase of 0.1% over the year and over the month. Core inflation, an indicator that gives an idea of ​​the likely evolution of prices in the coming months, fell to 0.4% year-on-year in July from 1.1% in June. Finally, the harmonized consumer price index (HICP), which serves as a basis for comparison at European level, increased by 1.5% over one year in July, after 1.9% in June. Over one month, the HICP fell to 0.1% in July, against 0.2% the previous month.