French CPI above expectations

French consumer prices increased by 0.5 per cent in August and 2.2 per cent over the last year. That is above expectations, raising the possibility of an upward revision of inflation figure for the whole Eurozone. Meanwhile Spanish inflation came in at 0.1 per cent for August and three per cent annually. Inflation in the Eurozone as a whole is expected to start falling from November thanks to energy price rises levelling off. Swedish prices also increased by 0.1 per cent last month and 3.4 per cent year-on-year.