Inflation slows significantly in January, to 3.1% year-on-year

by time news

2024-01-31 07:52:44

Price increases fell to 4.9% on average in 2023, after 5.2% the previous year.

Inflation slowed significantly in France in January, to 3.1% over one year compared to 3.7% in December, according to a first estimate published Wednesday by the National Institute of Statistics and Economic Studies (Insee).

This drop in inflation would be the result, according to INSEE, of the slowdown in the prices of energy, food and manufactured products over a year, and despite the acceleration in the prices of services and tobacco. Over one month, consumer prices should decrease slightly in January (-0.2% in January compared to December, compared to +0.1% in December).

More information to come…

#Inflation #slows #significantly #January #yearonyear

You may also like

Leave a Comment