French inflation eases more than estimated

French inflation eased more than estimated in August and reached its lowest level since July 2021, revised data from the statistical office INSEE showed on Friday, dpa reported. Consumer prices posted an annual increase of 1.8 percent in August, following a 2.3 percent rise in July. The August rate was revised down from 1.9 percent and marked the weakest rate since July 2021. At the same time, the EU harmonised inflation softened to 2.2 percent in August, in line with flash estimate, from 2.7 percent in the previous month. EU harmonised inflation is the standardised measure of price increases across all European Union member countries, enabling consistent comparison of inflation rates. On the other hand, core inflation increased to 1.7 percent from 1.5 percent in July. Monthly consumer price index (CPI) inflation advanced to 0.6 percent, which was revised up from 0.5 percent and follows 0.2 percent in July. Source: Emirates News Agency