March 14, 2019 / 7:49 AM / 12 days ago

French February inflation revised up to 1.6 percent

FILE PHOTO: The slogan "Less than one Euro" is seen at the fruits and vegetables section of an Auchan supermarket in Nice, France, March 14, 2016. REUTERS/Eric Gaillard/File Photo

PARIS (Reuters) - French inflation picked up in February by more than previously thought, the INSEE official statistics agency said on Thursday, as it revised a preliminary reading.

Consumer prices rose 0.1 percent last month, giving a 12-month rate of 1.6 percent, which was revised up from 1.5 percent and was also up from 1.4 percent in January, INSEE said.

Meanwhile, underlying inflation - which excludes volatile prices such as those for energy - was stable for the fourth month in a row at 0.7 percent over 12 months.

Reporting by Leigh Thomas; Editing by Sudip Kar-Gupta

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