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French inflation settles at around 3%

Latest update : 2008-03-12

French consumer prices grew by 2.8% over the last 12 months, according to French data, stabilising at the highest level in 16 years. Meanwhile, the EU's harmonised ICPH index said inflation rose 3.2% over the past year.

PARIS - Retail prices grew by 0.2% in February in France, according to data published by the Insee statistics office. The inflation rate over the past 12 months stands at 2.8% - the same as in January.

 

Although the annual inflation rate has stopped its progression, it is the highest since inflation reached 2.9% in 1992.

 

Seasonally adjusted data reveal stable prices in February after a 0.4% increase in January, or a 2.9% inflation rate over the past year.

 

The European Union’s harmonized ICPH index grew by 0.2% in February, i.e. 3.2% over the past year. These figures are again similar to January data.

Date created : 2008-03-12

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