Overview
- Consumer prices rose 0.8% from a year earlier in December after 0.9% in November, according to INSEE’s preliminary reading.
- On a monthly basis, CPI rebounded 0.1% after a 0.2% decline in November, reflecting seasonal increases in service prices, notably transport, and a slight rise in food.
- Energy prices fell 6.8% year over year, a steeper drop than in November, with petroleum products leading the decline.
- Food inflation accelerated to 1.7% from 1.4% in November, while manufactured goods prices fell 0.4% and services and tobacco held at 2.2% and 4.1% respectively.
- The harmonised index (HICP) rose 0.7% year over year and 0.1% month over month, providing a basis for euro-area comparisons.