France’s Underlying Inflation Ticks Up to 2.3% in August, Reversing Recent Easing Trend

France’s inflation excluding tobacco accelerated to 2.30% year-over-year in August 2026, up from 2.10% in July 2026, according to data updated on 15 September 2026. The figure is based on a comparison of price changes in August 2026 versus August 2025, while the previous reading reflected July 2026 versus July 2025.

The uptick marks a modest reversal of the recent easing trend in underlying price pressures, suggesting that disinflation in France may be losing some momentum. While the move from 2.10% to 2.30% remains relatively contained, it will likely draw attention from policymakers and investors monitoring how firmly inflation is settling after earlier surges.