France January preliminary CPI 1.4% vs 1.5% y/y expected

January 31, 2025
-FCHFX

January 31, 2025 at 07:45AM

Prior +1.3%

HICP +1.8% vs +1.9% y/y expected

Prior +1.8%

There’s a good balance in the readings despite headline annual inflation nudging a little higher in January. Energy prices were seen up 2.8% year-on-year and that’s the large chunk of it, compared to the 1.2% year-on-year increase in December. Meanwhile, services inflation is seen slowing to 1.9% from 2.2% previously. And that is arguably the more important detail here.

This article was written by Justin Low at www.forexlive.com.

France January preliminary CPI 1.4% vs 1.5% y/y expected