France’s Inflation Falls Below 1% for the First Time in Four Years

Consumer prices rose by just 0.8% in February compared to last year, driven by a significant drop in energy costs.

The annual inflation rate in France dropped to 0.8% in February, a sharp decline from 1.7% in January and the lowest level since 2021.
Energy prices, particularly electricity, saw a notable 5.7% decrease, following a government-implemented 15% reduction in regulated electricity tariffs for millions of households.
Food prices showed a modest rise of 0.3% in February, while prices for services, which contribute significantly to inflation, grew at a slower annual rate of 2.1%.
The consumer price index remained stable month-on-month in February, after a 0.2% increase in January, according to preliminary data from Insee.
The inflation rate is expected to stay below the European Central Bank’s 2% target in the coming months, aligning with projections for moderate price growth in 2025.