FX.co ★ French HICP Inflation Accelerates to 1.1% in February, Up from 0.4% in January

France’s Harmonised Index of Consumer Prices (HICP) picked up notably in February 2026, with year-over-year inflation rising to 1.1%, up from 0.4% in January 2026. The data, updated on 27 February 2026, indicate a clear acceleration in price growth compared with the previous month.

Both the current and previous readings are measured against the same month a year earlier, meaning February’s 1.1% reflects how prices have evolved since February of the prior year, while January’s 0.4% was compared with January a year earlier. This strengthening in the annual HICP rate suggests that disinflationary pressures seen at the start of the year may be easing, potentially signaling a turn in France’s near-term inflation dynamics within the euro area context.

The move from 0.4% to 1.1% will be closely watched by investors and policymakers as they assess how quickly inflation is normalizing and what it may imply for consumer purchasing power, wage negotiations, and the future stance of monetary policy in the eurozone.