The inflation stood in February at France by 6.3% year-on-year, driven by the rise in food prices, the Insee statistics office said on Wednesday, revising its previous forecast upwards by one tenth.
“This rise in inflation is due to the acceleration of food prices, which grew by 14.8% year-on-year [tras un 13.3% en enero]”, reads a statement from the official body.
In January, the consumer price index stood at 6%, compared to the same period of the previous year.
Energy prices slowed down in February to 14.1%, compared to 16.3% in January.
And core inflation, which does not take into account the more volatile prices of energy and some food products, stood at 6.1% year-on-year in February, after 5.6% in January.
The impact of the pandemic on supply chains and the war in Ukraine pushed inflation to levels not seen since the 1980s in France.
The Insee estimates that this will fall to 5% in June.
He Harmonized Consumer Price Index (IPCA), which is used for comparisons between European countries, stood at 7.3% year-on-year in February, up from 7% in January.
Source: AFP
Source: Gestion
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