France February Inflation Revised to 0.9%

2026-03-13 08:05 By Kyrie Dichosa 1 min. read

France’s annual inflation picked up to 0.9% in February 2026 from 0.3% in January, but was revised lower from initial estimates of 1%.

The rise reflected a moderation in energy price declines (-2.9% vs -7.6%), driven by a base effect on electricity (-3.6% after -14.6%) and smaller drops in petroleum products.

Manufactured goods prices also fell slightly (-0.2% vs -1.2%).

Meanwhile, food inflation accelerated to 2% from 1.9%, led by fresh products (+1.8%), fruits and vegetables (+19.8%), and meat (+3.4%).

Tobacco rose 3.0% from 2.7%, while services slowed to 1.6% from 1.7%.

Annual core inflation came at 0.9%.

On a monthly basis, the CPI rose 0.6% after a 0.3% decline in January, driven by seasonal rebounds in transport (+4.1%) and manufactured goods (+1.4%), including the end of clothing and footwear sales (+5.9%).

The EU-harmonised CPI rose 1.1% year-on-year, after 0.4% in January, while the monthly HICP increased 0.7% after a 0.4% decline.



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France February Inflation Revised to 0.9%
France’s annual inflation picked up to 0.9% in February 2026 from 0.3% in January, but was revised lower from initial estimates of 1%. The rise reflected a moderation in energy price declines (-2.9% vs -7.6%), driven by a base effect on electricity (-3.6% after -14.6%) and smaller drops in petroleum products. Manufactured goods prices also fell slightly (-0.2% vs -1.2%). Meanwhile, food inflation accelerated to 2% from 1.9%, led by fresh products (+1.8%), fruits and vegetables (+19.8%), and meat (+3.4%). Tobacco rose 3.0% from 2.7%, while services slowed to 1.6% from 1.7%. Annual core inflation came at 0.9%. On a monthly basis, the CPI rose 0.6% after a 0.3% decline in January, driven by seasonal rebounds in transport (+4.1%) and manufactured goods (+1.4%), including the end of clothing and footwear sales (+5.9%). The EU-harmonised CPI rose 1.1% year-on-year, after 0.4% in January, while the monthly HICP increased 0.7% after a 0.4% decline.
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France’s annual inflation rate eased to 0.3% in January 2026, down from 0.8% in December, confirming preliminary estimates. This marked the lowest reading since December 2020, driven mainly by a sharper fall in energy prices (-7.6% vs -6.8% in December) and deeper declines in manufactured goods (-1.2% vs -0.4%). Price growth also moderated for services (1.7% vs 2.1%) and tobacco (2.7% vs 4.1%). In contrast, food price inflation accelerated to 1.9% from 1.7%, supported by higher prices for fresh vegetables, citrus fruits, and meat. Meanwhile, core inflation fell to 0.7% from 1.1%. On a monthly basis, consumer prices declined 0.3% after rising 0.1% in December, with seasonal discounts in clothing and footwear contributing to the drop. In EU-harmonised terms, inflation slowed to 0.4% year-on-year, while prices fell 0.4% month-on-month.
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