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France Inflation January 2022

France: Harmonized inflation moderates in January

Consumer prices increased 0.25% in January over the previous month, accelerating from the 0.20% increase seen in December. January´s result was mainly driven by a quicker increase in food prices, coupled with a rebound in prices for energy.

Harmonized inflation fell to 3.3% in January from December’s 3.4%. January’s result represented the weakest inflation rate since October 2021. Annual average harmonized inflation ticked up to 2.3% in January (December: 2.1%). Finally, consumer price inflation rose to 2.9% in December, up from 2.8% in January.

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