Finance
French preliminary inflation at 1.8% in January
Published by Global Banking and Finance Review
Posted on January 31, 2025
1 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 31, 2025
1 min readLast updated: January 26, 2026
French inflation remained steady at 1.8% in January, contrary to economists' expectations of a slight rise. INSEE data shows varied price changes across sectors.
(Reuters) -French consumer prices increased slightly less than anticipated in January, preliminary data from statistics agency INSEE showed on Friday.
France's harmonized inflation rate, adjusted for comparison with other euro zone countries, was 1.8% year-on-year in January, exactly the same figure as in the previous month, INSEE said.
INSEE said manufactured goods prices rebounded and those of energy sped up.
This was balanced by a slowdown in services and tobacco prices. Tags for food remained virtually stable.
On a month-on-month basis, prices were down by 0.2% in January after a 0.2% rise in December.
This decrease was due to seasonal drops in winter clothing, footwear and transport prices, which offset increases in insurance, energy, food and tobacco ones.
A poll of 21 economists surveyed by Reuters had on average expected a 1.9% rise of the harmonized consumer price index in the first month of the year, with estimates ranging from 1.7% to 2.2%.
(Reporting by Michal Aleksandrowicz in Gdansk; Editing by Milla Nissi)
France's harmonized inflation rate was 1.8% year-on-year in January, the same as the previous month.
Manufactured goods prices rebounded, while energy prices increased. This was offset by a slowdown in services and tobacco prices.
On a month-on-month basis, prices decreased by 0.2% in January after a 0.2% rise in December.
A poll of 21 economists expected an average rise of 1.9% in the harmonized consumer price index for January, with estimates ranging from 1.7% to 2.2%.
The decrease in prices was attributed to seasonal drops in winter clothing, footwear, and transport prices, which offset increases in insurance, energy, food, and tobacco.
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