France: Harmonized inflation inches down in February
Consumer prices were stable month-on-month in February, after falling 0.4% in January according to a first estimate by Statistical Institute (INSEE) on 28 February. Higher prices for manufactured goods and services were offset by lower oil prices. Similarly, harmonized consumer prices were unchanged on a monthly basis, following a 0.5% decline in the preceding month.
Meanwhile, harmonized inflation eased to 1.6% in February (January: 1.7%), while annual average harmonized inflation was steady at January’s 1.3%.