Consumer prices in France fall 0.2% MoM, rise 3.1% YoY in Jan 2024

This decrease was entirely driven by a 1.7-per cent MoM drop in prices of manufactured products (following a 0.3-per cent drop in December), mainly those of clothing and footwear, whose prices fell by 9.2 per cent MoM in the month (after a  0.3-per cent drop in December).

The prices for energy rose by 0.1 per cent MoM in January following a 1.2-per cent drop in December.

Seasonally adjusted, consumer prices were stable over a month in January after a 0.3-per cent rise in December.

Year on year (YoY), consumer prices went up by 3.1 per cent in January after rising by 3.7 per cent in December. This decrease of inflation resulted from the YoY slowdown in the prices of energy (from a 5.7-per cent rise to a 1.9-per cent rise) and manufactured products (from a 1.4-per cent rise to a 0.7-per cent rise).

Core inflation decreased again YoY, reaching 3 per cent in January after 3.4 per cent in December.

Energy prices rose by 1.9 per cent YoY in January after a 5.7-per cent rise in December.

The prices of manufactured products increased by 0.7 per cent YoY in January after a 1.4-per cent rise in December.

ALCHEMPro News Desk (DS)