France

In France, inflation slowed to 5.9% year on year in December – Inflation

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The rise in consumer prices in France slowed in December to 5.9% over one year, against 6.2% in November, according to the provisional estimate published by INSEE on Wednesday.

However, this decline could only be temporary, as the National Institute of Statistics warned last month that inflation should peak at 7% in early 2023, before declining more durably from March.

+15.1% year on year for energy prices

Over one year, inflation continued to be driven by the rise in energy prices, which jumped by 15.1%, and that of food products, up very sharply by 12.1%, while the rise prices of manufactured products remains limited to 4.6%, and that of services is even more contained, at 2.9%.

Over one month, prices fell by 0.1% in December compared to November, against an increase of 0.3% the previous month, due to the drop in energy prices at the end of the year.

The rebound in inflation anticipated by INSEE for the start of the year is linked in particular to the 15% rise in regulated energy prices scheduled for early 2023, those of gas to be raised in January and those of electricity in February.

Finally, the Harmonized Index of Consumer Prices (HICP), which serves as a benchmark at European level, slowed more sharply than the CPI in December, with the year-on-year rise falling to 6.7%, from 7 .1% in November.



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letelegramme Fr Trans

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