The French statistical office Insee released its preliminary consumer price inflation for France on Friday. The French consumer price inflation increased 0.2% in February, after a 1.0% decline in January.

The monthly increase was driven by a rise in prices for manufactured products.

On a yearly basis, the consumer price index slid to -0.2% in February from 0.2% in January. It was the first drop since March 2015.

The annual drop was driven by a fall in energy prices.

Food prices rose 0.1% year-on-year in February, services prices climbed 1.3%, while energy prices dropped by 5.3%.