March Inflation Confirmed

The annual inflation rate in France was confirmed at 0.8% in March, as reported by INSEE. A month-on-month increase of 0.2% in the Consumer Price Index (CPI) was noted, signaling a steady economic pace.

Key Drivers Behind the Figures

Service prices saw a significant rise of 2.3%, while energy prices dropped by 6.6% compared to last year. Food prices increased by 0.6%, and tobacco prices surged by 4.1%, painting a mixed picture of the French economy.

Core Inflation Unchanged

Excluding food and energy, the core inflation rate remained stable at 1.3%, mirroring February's figures and indicating underlying economic stability.