The flash CPI was unrevised in the final data for March. Prices still show a 0.6 percent increase on the month and a 1.1 percent annual inflation rate, down just a tick from February.
The HICP was similarly unrevised, leaving a 0.7 percent monthly rise and a 1.4 percent yearly gain that matched its final February print.
The dip in the headline yearly rate was essentially attributable to energy, where inflation dropped from 11.4 percent in February to 9.9 percent, and food, where the rate declined from 1.6 percent to 0.8 percent. Overall manufactured goods inflation actually rose from minus 1.6 percent to minus 1.0 percent while services were stable at 1.1 percent. The core CPI was up a seasonally adjusted 0.2 percent versus February and, at 0.4 percent, its yearly rate was also a couple of ticks firmer than last time. However, this was still well short of the 0.7 percent annual rate posted in January.
The final March data offer no new insights into French inflation. The more volatile components certainly weighed on prices but Easter distortions probably provided a boost to the yearly rate. Underlying trends remain soft.