[HIGHLIGHTS] Inflation confirmed at 3.1% year-on-year in January, a clear slowdown compared to December

Inflation confirmed at 3.1% year-on-year in January, a clear slowdown compared to December. In its report, INSEE notes a drop in inflation in the prices of energy, food and manufactured products.

The price of services, on the other hand, increased a little more quickly in January 2024 (+ 3.2%) than in December 2023 (+3.1%). A benchmark indicator at European level, the harmonized consumer price index (HICP) increased by 3.4% year on year in January.