Inflation confirmed at 3.1% over one year in January, according to INSEE. Price of services, on the other hand, increased a little more quickly in January 2024 (+3.2%) than in December 2023.

Underlying inflation also slowed at the start of 2024, to settle at 3% compared to 3.4% in December. A benchmark indicator at European level, the harmonized consumer price index (HICP) increased by 3. 4% year-on-year in January.