Inflation accelerated sharply in February in France to stand at 3.6% over one year, fueled by almost generalized price increases, according to a first estimate released on Friday by INSEE.
After rising 2.9% in January, the consumer price index jumped due to "an acceleration in the prices of energy, services, manufactured goods and food", details the statistical institute.
Higher than expected by the economic consensus, inflation over one year had not reached such magnitude since July 2008 (+3.6% compared to July 2007).
More broadly, this is the first time since September 2008 that this indicator has reached, and even greatly exceeded, the symbolic bar of 3%, pending the final estimate from INSEE in mid-March.
Winter sales, tobacco and transport
Energy prices have thus jumped by 21% compared to February 2021 and those of fresh products by 5.6%.
In services, they grew by 2.2%, “particularly due to the rebound in the prices of transport services”.
The cost of manufactured goods also increased by 2.2%, “in connection with the end of the winter sales.
On the other hand, as in January, the price of tobacco fell by 0.1% over one year.
On a monthly basis, from January 2022 to February 2022, inflation would have stood at 0.7%, compared to 0.3% between December 2021 and January 2022. At the beginning of the month, the institute revised its inflation forecast for the first half of 2022 and now anticipates a 3 to 3.5% increase in the indicator over this period.
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