France December preliminary CPI +3.7% vs +3.8% y/y expected

  • Latest data released by INSEE - 4 January 2024
FRCPI
  • Prior +3.5%
  • HICP +4.1% vs +4.1% y/y expected
  • Prior +3.9%

That more or less fits with estimates, as French inflation ticks a little higher to end the year in 2023. On the month itself, inflation was up 0.1% in December. The breakdown shows the jump is mostly consisting of a rise in energy prices, so there's hope yet if core inflation continues to reaffirm further easing of price pressures.

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