France's inflation rate stood at 1.6 percent in December 2018, unrevised from the preliminary estimate and below November's final reading of 1.9 percent. It was the lowest inflation rate since April, due to a slowdown in energy, services and tobacco prices and a larger drop in manufactured product prices. Inflation Rate in France averaged 4.40 percent from 1958 until 2018, reaching an all time high of 18.80 percent in April of 1958 and a record low of -0.70 percent in July of 2009.

Inflation Rate in France is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in France to stand at 1.70 in 12 months time. In the long-term, the France Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

France Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 07:45 AM Inflation Rate YoY Prel 1.9% 2.2% 2.3%
2018-12-13 07:45 AM Inflation Rate YoY Final 1.9% 2.2% 1.9% 1.9%
2019-01-04 07:45 AM Inflation Rate YoY Prel 1.6% 1.9% 1.8%
2019-01-15 07:45 AM Inflation Rate YoY Final 1.6% 1.9% 1.6% 1.6%
2019-01-31 07:45 AM Inflation Rate YoY Prel 1.6%
2019-02-21 07:45 AM Inflation Rate YoY Final 1.6%
2019-02-28 07:45 AM Inflation Rate YoY Prel



French December Inflation Rate Confirmed at 8-Month Low

France's inflation rate stood at 1.6 percent in December 2018, unrevised from the preliminary estimate and below November's final reading of 1.9 percent. It was the lowest inflation rate since April, due to a slowdown in energy, services and tobacco prices and a larger drop in manufactured product prices.

Energy inflation eased to 8 percent in December from 11.2 percent in November as cost of petroleum products rose at a slower 9.5 percent (vs 14.7 percent in November). In addition, services inflation declined to 0.9 percent from 1 percent, as prices of other services increased at softer rate (1.9 percent vs 2 percent), while decreases were seen in prices of communication (-3.5 percent vs -3.6 percent), health services (-0.4 percent vs 0.3 percent), and actual rentals and services for dwellings (-0.3 percent, the same as in November). Meanwhile, transport inflation picked up to 0.5 percent from 0.3 percent. Manufactured products prices continued to fall (-0.5 percent vs -0.3 percent), led by declines in costs of medical products (-3 percent vs -2.2 percent) and clothing and footwear (-0.3 percent vs -0.1 percent). Meanwhile, other manufactured products prices were unchanged in December, after rising by 0.2 percent in the previous month.

On the other hand, food inflation rose to 2.5 percent in December from 1.9 percent in November, boosted by fresh food (7.8 percent vs 5 percent) and other food (1.6 percent vs 1.4 percent).

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures stood at 0.7 percent, the same as in November.

On a monthly basis, consumer prices were flat in December, also unrevised from the preliminary estimate and following a 0.2 percent fall in November. A sharp drop in energy prices (-2.4 percent vs -0.7 percent) and a downturn in those of manufactured products (-0.2 percent vs 0.1 percent) were offset by a rebound in prices of services (0.4 percent vs -0.3 percent) and food (0.6 percent vs -0.2 percent).

The harmonised index of consumer prices rose by 1.9 percent from the previous year (vs 2.2 percent in November); and by 0.1 percent month-over-month (vs -0.2 percent in November).


INSEE | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/15/2019 9:37:00 AM



France Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.90 18.80 -0.70 percent [+]
Inflation Rate Mom 0.00 -0.20 1.00 -1.00 percent [+]
Consumer Price Index CPI 103.47 103.45 103.78 66.40 Index Points [+]
Harmonised Consumer Prices 104.10 104.00 104.35 65.64 Index Points [+]
Core Consumer Prices 101.92 101.96 102.08 69.30 Index Points [+]
Core Inflation Rate 0.70 0.70 4.00 -0.20 percent [+]
Producer Prices 104.30 103.90 104.30 96.50 Index Points [+]
Producer Prices Change 2.60 3.90 7.30 -7.60 percent [+]
Export Prices 116.70 117.30 120.60 87.20 Index Points [+]
Import Prices 102.10 103.90 122.60 86.60 Index Points [+]
Food Inflation 2.50 1.90 6.50 -1.50 percent [+]
CPI Housing Utilities 104.90 105.25 105.25 52.61 Index Points [+]
CPI Transportation 106.36 106.20 108.43 57.10 Index Points [+]


France Inflation Rate

In France, the most important categories in the consumer price index are manufactured products excluding clothing and pharmaceuticals (20.6 percent of total weight) and food (16.4 percent). The index also includes: healthcare (10.1 percent); energy (8.7 percent); rentals and real estate services (7.4 percent); transport and communication services (5 percent); clothing and footwear (4.7 percent) and pharmaceuticals (4.6 percent). These weighs are updated annually and express the share of expenditures on a given aggregate as a total of the household consumption expenditures. This page provides the latest reported value for - France Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.90 18.80 -0.70 1958 - 2018 percent Monthly
2015=100, NSA




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.20 Dec/18
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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