Latest data released by INSEE - 31 August 2021

  • Prior +1.5%
  • CPI +1.9% y/y
  • Prior +1.2%

That's a significant bump in annual inflation, with monthly consumer prices also up 0.6% in August after the 0.1% bump in July. This just reaffirms strong price pressures across the region and should observe a solid jump in euro area inflation readings later today.