French inflation falls on year, rises on month

As expected, French CPI slipped to +1% on year in August from +1.2% in July.

On month, inflation +0.5%, also as expected, vs -0.3%.

CPI excluding tobacco +0.4% vs -0.3% in July.

The largest contributions to the monthly rise in CPI were seasonal increases in manufactured product prices and some tourism services, as well a rebound in energy prices. A seasonal fall in fresh-food prices offset these factors.

CAC 40 (EWQ) +0.1%. (PR)

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