• Main
  • Analytics
  • Market News
  • Consumer prices in France remained unchanged in February
Economic news
14.03.2025

Consumer prices in France remained unchanged in February

According to the final report from INSEE, consumer prices were unchanged in February, as expected, after rising 0.2% in January. The latest change was caused by the sharp fall in energy prices (-4.6% after +1.6%), due to the fall in electricity prices (-12.6% after -0.1%), which offset the rise in services prices (+0.6% after +0.3%), in particular transport services (+3.9% after -8.3%) and rents, water, household waste collection (+1.1% after +0.2%), and the rebound in prices of manufactured products (+0.3% after -1.1%). The prices of tobacco slowed down (+0.2% after +3.8%), while prices of food fell back slightly (‑0.1% after +0.3%).

In annual terms, CPI rose by 0.8%, slowing compared to January (1.7%), but confirming economists' forecasts. This marks the lowest level since February 2021. The weaker growth was caused by the fall in energy prices over the year (-5.8% after +2.7%), and to a lesser extent by the slowdown in those of services (+2.2% after +2.5%), manufactured goods (stable after +0.2%) and tobacco (+4.5% after +6.0%). Conversely, the prices of food accelerated slightly over the year (+0.3% after +0.1%).

Meanwhile, the core CPI grew by 1.3% per year after an increase of 1.4% in January.

The data also showed that in February, the harmonized index of consumer prices (HICP) - an indicator that allows to compare inflation in France with inflation in European countries - rose by 0.1% on a monthly basis and by 0.9% per year. In January, HICP dropped by 0.2% for the month and increased by 1.8% per year.

See also