France's preliminary harmonized inflation rate increased to 2.7% year-on-year in August, up from 2.4% in July, the country's statistics agency INSEE reported on Friday.
The acceleration in consumer prices was attributed to higher energy prices, particularly in oil products, INSEE stated. The August inflation figure is based on harmonized data adjusted for comparison with other euro zone countries.
The report, published at 02:54 AM, follows recent trends of rising energy costs impacting broader price levels in the French economy. The preliminary data provides an early indicator of inflation dynamics ahead of final figures, which are typically released later in the month.
