After plateauing for almost a year at around +6%, year-on-year consumer prices in France have dropped sharply since spring 2023, mainly because of the slowdown in the prices of food products and manufactured goods. In February 2024, year-on-year inflation continued to fall back, standing at +2.9% (according to the provisional estimate) after +3.1% in January 2024, as a result of a further drop in inflation in food and manufactured products. Meanwhile, energy prices are accelerating sharply (+4.4% year-on-year after +1.9% in January 2024), affected by the partial reintroduction of electricity taxes. However, the rise in electricity prices is offset by the drop in gas prices, in the wake of the fall in prices on the European market. Within the meaning of the HICP, the year-on-year price variation in February 2024 stood at +3.1%, according to the provisional estimate...