France August PPI +0.2% vs +0.6% m/m prior

Latest data released by INSEE - 28 September 2018

• Prior +0.6%; revised to +0.7%
• PPI +3.7% y/y
• Prior +4.0%; revised to +3.9%

Also, released at the same time is consumer spending for August:

• Consumer spending +0.8% vs +0.3% m/m expected
• Consumer spending +1.3% vs +0.7% y/y expected

Low-tier data as producer prices are a proxy for inflation and they are a lagging data point. Meanwhile, consumption patterns are holding up well but it's overshadowed by the weaker inflation reading.