France: Harmonized inflation spikes in December
Consumer prices jumped 0.4% in December, following November’s 0.1% uptick, according to a first estimate by the Statistical Institute (INSEE). Higher prices for food and energy and a rebound in services prices likely drove the monthly upturn.
Harmonized consumer prices climbed 0.5% month-on-month in December (November: +0.1% month-on-month), while harmonized inflation increased to a one-year high of 1.6% from 1.2% in November. Meanwhile, annual average harmonized inflation was steady at November’s 1.3%.