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Investing.com -- France's consumer prices rose by 1.8% year-on-year in January, according to data released by the statistics office INSEE on Tuesday.
This aligns with the preliminary readings and the predictions made by analysts.
The primary contributors to the inflation at the beginning of the year were increases in energy and service prices, which rose by 2.5% and 1.6% respectively from the previous year.
A rebound in the prices of manufactured goods also played a significant role.
On a monthly basis, however, prices saw a decrease of 0.2% in January, which was in line with the preliminary reading and expectations. This followed a rise of 0.2% in December.
The largest month-on-month increases in prices were observed in tobacco at +3.8%, fresh food at +2.8%, and petroleum products at +2.8% in January, according to INSEE.
Conversely, prices for transport saw a significant drop of 8.3%. Clothing and shoe prices also fell, decreasing by 7.2%, while manufactured products saw a decrease of 1.1%. These were the largest decreases in the same period.
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