FX.co ★ French Harmonized Consumer Price Index Slows to 0.1% in July

In the latest economic data released on 31st July 2024, France's Harmonized Index of Consumer Prices (HICP) has shown a modest slowdown. The indicator for July 2024 recorded an increase of just 0.1%, a slight drop from the 0.2% observed in June 2024.

This month-over-month comparison shows a continued but decelerating rise in consumer prices. The June figure had already hinted at a slowing pace, marking a decrease from the previous months, and this trend has continued into July.

The HICP is a crucial measure as it reflects changes in consumer prices, offering insights into inflationary trends in the French economy. These latest figures suggest that while inflation remains, its growth trajectory is becoming less pronounced. Economists and policymakers will likely watch the coming months closely to determine if this deceleration continues or if a new trend emerges.