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France's consumer price index rose in line with forecasts in March.

According to the report from Insee, over a year, the Consumer Price Index (CPI) should rise by 1.1% in March 2021, after +0.6% in the previous month, according to the provisional estimate made at the end of the month. This increase in inflation should result from the acceleration in the service prices and from a marked rebound of those of the energy. The decrease in manufactured goods prices should soften as compared to the previous month. The food prices and those of tobacco should slow down.

Over one month, consumer prices should rise by 0.6% after being stable in February. The prices of manufactured goods should rebound sharply due to the end of the winter sales. The tobacco prices should be stable and those of food should decrease at the same rate as in February. The service prices and those of energy should slow down slightly.

Year on year, the Harmonised Index of Consumer Prices should rise by 1.4% after +0.8% in February. Over one month, it should increase by 0.7% after being stable in the previous month.

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