France: Inflation slows in January
On 31 January, the Statistical Institute (INSEE) reported that consumer prices fell 0.5% from a month earlier in January (December: +0.0% month-on-month). Lower fuel costs, as well as seasonal sales, appeared to be behind the reading.
Inflation fell to 1.2% from 1.6% in December, while annual average inflation edged down to 1.8% from 1.9%.
Harmonized consumer prices fell 0.6% from a month earlier (December: +0.1% month-on-month), while harmonized inflation slowed to 1.4% from 1.9% in December. Lastly, annual average harmonized inflation was stable from December at 2.1%.