The provisional February CPI was revised a tick weaker to stand unchanged versus January in the final data. However, the annual inflation rate remained at 1.2 percent, in line with its preliminary reading and 0.1 percentage points below its final mark at the start of the year.
The flash HICP was also unrevised and so still shows a flat monthly reading and a 1.3 percent rise on the year, down 0.2 percentage points from its January print.
Manufactured goods prices were 0.3 percent lower on the month and just 0.1 percent firmer on the year while services saw a 0.1 percent gain for a 1.1 percent annual rate. Seasonally adjusted, the CPI fell a monthly 0.3 percent after a 0.7 percent bounce in January, probably reflecting some timing issues with the seasonal adjustment process. The core CPI declined a slightly sharper 0.4 percent which was enough to shave a tick off its yearly rate which now stands at 0.8 percent.
Underlying trends in French inflation are still soft and in the wake of back-to-back falls in household goods spending in December/January, look set to stay that way for a while yet.