https://sputnikglobe.com/20220812/inflation-in-france-hikes-to-61-in-july-yy-highest-since-198-statistics-agency-1099507538.html
Inflation in France Hikes to 6.1% in July Y/Y, Highest Since 198: Statistics Agency
Inflation in France Hikes to 6.1% in July Y/Y, Highest Since 198: Statistics Agency
Sputnik International
MOSCOW (Sputnik) - French consumer price index (CPI), used as a measure of inflation, reached 6.1% in July year-on-year, breaking a new record since 1985, the... 12.08.2022, Sputnik International
2022-08-12T08:57+0000
2022-08-12T08:57+0000
2022-11-03T19:28+0000
world
inflation
france
https://cdn.imgsputnikglobe.com/images/sharing/article/eng/1099507538.jpg?1667503724
"Year on year, consumer prices grew by 6.1% after +5.8% in June. This increase in inflation resulted from the acceleration of service (+3.9% after +3.3%), food (+6.8% after +5.8%) and, to a lesser extent, manufactured goods prices (+2.7% after +2.5%)," the INSEE said.High energy prices largely contributed to the booming inflation despite slightly slowing down their year-on-year growth from 33.1% in June to 28.5% in July.Consumer prices in France grew by 0.3% in July compared to the first summer month, which demonstrated CPI growth of 0.7%.Since 2021, energy prices in Europe have been growing as part of a global trend. After the beginning of Russia's military operation in Ukraine and the adoption of several packages of sanctions against Moscow by the West, fuel prices have accelerated the growth, pushing many European governments to resort to contingency measures. Inflation accelerated across the eurozone since the beginning of the year, growing from 5.9% in February to 8.6% in June and 8.9% in July, according to Eurostat.
france
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2022
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
inflation, france
Inflation in France Hikes to 6.1% in July Y/Y, Highest Since 198: Statistics Agency
08:57 GMT 12.08.2022 (Updated: 19:28 GMT 03.11.2022) MOSCOW (Sputnik) - French consumer price index (CPI), used as a measure of inflation, reached 6.1% in July year-on-year, breaking a new record since 1985, the National Institute of Statistics and Economic Studies (INSEE) said on Friday.
"Year on year, consumer prices grew by 6.1% after +5.8% in June. This increase in inflation resulted from the acceleration of service (+3.9% after +3.3%), food (+6.8% after +5.8%) and, to a lesser extent, manufactured goods prices (+2.7% after +2.5%)," the INSEE said.
High energy prices largely contributed to the booming inflation despite slightly slowing down their year-on-year growth from 33.1% in June to 28.5% in July.
Consumer prices in France grew by 0.3% in July compared to the first summer month, which demonstrated CPI growth of 0.7%.
Since 2021, energy prices in Europe have been growing as part of a global trend. After the beginning of Russia's military operation in Ukraine and the adoption of several packages of sanctions against Moscow by the West, fuel prices have accelerated the growth, pushing many European governments to resort to contingency measures.
Inflation accelerated across the eurozone since the beginning of the year, growing from 5.9% in February to 8.6% in June and 8.9% in July, according to Eurostat.
