Inflation & Prices
French Inflation Inches Higher on Energy, Services Costs
- December consumer prices rose 4.1% from year ago; est. 4.1%
- Base effects are prompting an uptick in inflation in euro zone
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French inflation edged higher in December as service prices grew more quickly and energy costs jumped after the government pared back support for households.
The 4.1% annual reading was higher than November’s 3.9%, data released Thursday showed. It was in line with the median estimate in a Bloomberg survey of analysts and remains well below the 7.3% peak notched in February 2023.