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French consumer price index, or CPI, rose 1.1% year-on-year in January, faster than December's 0.9% rise, statistical office Insee said Tuesday. That was in line with the consensus forecast.
Consumer prices have dropped 0.2% month-on-month in January, reversing an increase of 0.3% in December. Prices fell less than the expected 0.3% decline.
The harmonized index of consumer prices, or HICP, climbed 1.2% annually, more than the 1% increase recorded in December. On a monthly basis, the HICP fell 0.2%.
Excluding tobacco, the CPI fell 0.2% month-on-month and rose 1% over the previous year. Adjusted for seasonal variations, consumer prices grew 0.4% on a monthly basis and 1.2% annually.
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