On a monthly basis, consumer prices are projected to slightly decline by 0.2 per cent in January 2024, following a modest increase of 0.1 per cent in December. The decrease is primarily due to lower prices in manufactured products, especially in the clothing and footwear sectors, as per INSEE.
Additionally, the harmonised index of consumer prices, which provides a standardised measure of inflation across the European Union, is also expected to show a deceleration. It is forecast to rise by 3.4 per cent year on year in January 2024, down from a 4.1 per cent increase in December. On a month-to-month comparison, this index is anticipated to decrease by 0.2 per cent.
ALCHEMPro News Desk (DP)
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