Inflation increased by 4.8% year on year in August, which constitutes a sharp rebound compared to July when the consumer price index stood at +4.3%, according to a first estimate. unveiled, Thursday, August 31, by the National Institute of Statistics and Economic Studies (INSEE).
The acceleration in the rise in prices observed in August – the first since April – is explained by “rebound in energy prices” with in particular the 10% increase in the regulated electricity tariff on 1er August, details INSEE.
Energy inflation thus stood at 6.8% over one year in August, after a price drop of 3.7% in July. The main drivers of inflation in recent months, food prices, have risen by 11.1% over one year, a slower rise than in July (12.7%).
While the government receives distributors and their suppliers this week to convince them to extend price reductions to a greater number of items, INSEE notes that fresh products have been increased by 9.1% over one year. in August (against 10.6% in July). Other food products cost 11.5% more than in August 2022 (+13% year on year in July).
In terms of manufactured goods (+3.1% over one year) and services (+2.9%), the rise in prices continued in August at a slower pace than in July. Tobacco rose by 9.9% over one year, after 9.8% in July.
Benchmark indicator for comparisons between European countries, the harmonized consumer price index increased by 5.7% over one year in August (5.1% in July). Insee is due to publish a second estimate of inflation in August in mid-September.