INSEE has given its first estimate of inflation for the month of February. Over one year, prices increased by 0.8% and by 0.9% in harmonized European data. We have to go back to 2019 to find such a low level. The continued rise in the prices of services (+2.1%) was offset by the stability of the prices of food products (except fresh products with +1.8%), manufactured products and the fall in energy prices (-5.7%). The industrial and agricultural sectors seem to have priced in the consequences on their production costs of supply chain disruptions caused ...