France’s inflation slightly higher in Dec. ’24

France’s inflation saw a slight uptick in December 2024, with the Consumer Price Index (CPI) rising by 0.2 per cent over one month, following a 0.1 per cent decline in November, according to the National Institute of Statistics and Economic Studies.

This increase was primarily driven by a seasonal rebound in airfares, which surged by 16.7 per cent after a previous drop of 11.4 per cent, pushing up the overall prices of services by 0.5 per cent. Energy prices also contributed to the rise, increasing by 0.7 per cent, with notable hikes in gas and petroleum products.

Conversely, prices for manufactured products and food saw slight declines, while tobacco prices remained stable. Seasonally adjusted, consumer prices increased by 0.4 per cent in December, after remaining stable in November.

Year-on-year, the CPI rose by 1.3 per cent in December, maintaining the same rate as in November. This stability was due to a rebound in energy prices, offset by a slowdown in service prices and a slight decline in manufactured goods prices. Core inflation fell slightly to 1.3 per cent in December, down from 1.5 per cent in November.

The Harmonised Index of Consumer Prices (HICP) also rose by 0.2 per cent over one month and accelerated to 1.8 per cent year-on-year in December, up from 1.7 per cent in November. Energy prices increased by 1.2 per cent year-on-year in December, following a 0.7 per cent decline in November.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser