In March 2022, the Consumer Price Index (CPI) rose by 1.4% over one month, after +0.8% in February.
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The prices of energy accelerated (+9.0% after +3.6%) in the wake of those of petroleum products (+17.0% after +5.6%). The prices of manufactured goods (+1.4% after +0.6%) and those of food (+0.9% after +0.3%) accelerated to a lesser extent.
The prices of services slowed down (+0.2% after +0.5%) linked with the downturn in transport service prices (−0.9 % after +4.0%).
Seasonally adjusted, consumer prices rose by 1.0% after +0.7% in February.
Year on year, consumer prices grew by 4.5% after +3.6% in February. This sharp increase in inflation resulted from the acceleration of energy prices (+29.2% after +21.1%), food prices (+2.9% after +2.1%) and, to a lesser extent, service prices (+2.3% after +2.2%).
The prices of manufactured goods slowed down slightly (+2.1% after +2.2%). The decrease in tobacco prices maintained at the same level as in February (−0.1 %).
Year on year, core inflation increased, in March, by 2.5% year on year, as in February. The Harmonised Index of Consumer Prices (HICP) rose by 1.6% over one month, after +0.9% in February; year-on-year, it increased by 5.1% after +4.2% in the previous month.
Year on year, the energy prices accelerated in March (+29.2% after +21.1%). The increase in petroleum product prices was more dynamic than in February (+43.5% after +26.9%) in link with the prices of diesel (+43.6% after +26.3%), petrol (+30.5% after +22.4%) and liquid fuels (+84.0% after +43.4%).
The prices of electricity rose as well (+6.0% after +4.9%) and those of gas slowed down (+41.3% after +47.1%).
Year on year, food prices increased by 2.9% after +2.1% in February. Those of fresh food produces were more dynamic than in the previous month (+7.6% after +5.9%): the prices of fresh fruits (+5.8% after +4.8%), fresh fish (+15.6% after +10.3%) and fresh vegetables (+8.0% after +5.8%) accelerated.
Excluding fresh produces, the food prices increased by 2.1% after +1.4% in February. The prices of meat (+3.0% after +2.2%), bread and cereals (+3.3% after +2.7%), milk, cheese and eggs (+1.7% after +0.8%), non-alcoholic beverages (+1.3% after +0.6%) and alcoholic beverages (+0.8% after +0.3%) accelerated as well. ■