France CPI rose +0.7% MoM and +1.0% YoY (vs +0.8% YoY expected) in February 2026, rebounding from the low 0.3% YoY increase recorded in January 2026.

• CPI annual inflation accelerated to +1.0% (Jan: +0.3%), partly due to a smaller decline in energy prices driven by electricity base effects.

• Monthly CPI increased +0.7% after -0.3% in January, reflecting seasonal rises in transport services and manufactured goods after sales ended.

• Food prices increased YoY to +2.1% (Jan: +1.9%), with fresh food accelerating to +3.1% while other food products held at +2.0%.

• Services inflation edged up to +1.8% YoY (Jan: +1.7%), contributing to the monthly rebound.

• Manufactured goods prices remained negative at -0.3% YoY (Jan: -1.2%), showing a slower pace of decline.

• Energy prices were -3.0% YoY (Jan: -7.6%), indicating reduced deflation pressure.

• Tobacco inflation rose to +3.0% YoY (Jan: +2.7%), continuing gradual acceleration.

• HICP increased +0.8% MoM and +1.1% YoY (Jan: -0.4% MoM; +0.4% YoY), confirming broader inflation firming.