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The annual inflation rate in France slowed to 2.3% in March 2024, the lowest reading since September 2021, from 3% in February, and below forecasts of 2.6%, preliminary estimates showed. There was a broad based slowdown in consumer prices, namely food (1.7% vs 3.6% in February), with cost of fresh food falling 3.9%; services (3% vs 3.2%); tobacco (10.7% vs 18.7%); energy (3.4% vs 4.3%); and manufactured products (0.1% vs 0.4%). Compared to the previous month, the CPI rose 0.2%, well below 0.9% in February, due to a slight drop in energy prices, mostly gas and petroleum products while prices of manufactured goods are expected to have accelerated due to the seasonal rise in clothing prices after the winter sales. Considering the EU-harmonised index, prices rose 2.4% on the year and 0.2% on the month, also easing from 3.2% and 0.9% respectively in February.