The inflation rate in France was confirmed at 1.2 percent year-on-year in June 2019, up from a near two-year low of 0.9 percent in the previous month, as services and food prices rose at a faster pace while energy inflation eased and manufactured products prices continued to fall. Inflation Rate in France averaged 4.37 percent from 1958 until 2019, 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 1.60 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 1.80 in 12 months time. In the long-term, the France Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

France Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-29 06:45 AM Inflation Rate YoY Prel May 1.0% 1.3% 1.1%
2019-06-14 06:45 AM Inflation Rate YoY Final May 0.9% 1.3% 1.0% 1.0%
2019-06-28 06:45 AM Inflation Rate YoY Prel Jun 1.2% 0.9% 1.1%
2019-07-11 06:45 AM Inflation Rate YoY Final Jun 1.2% 0.9% 1.2% 1.2%
2019-07-31 06:45 AM Inflation Rate YoY Prel Jul 1.2% 1.4%
2019-08-14 06:45 AM Inflation Rate YoY Final Jul 1.2%
2019-08-30 06:45 AM Inflation Rate YoY Prel Aug



French June Inflation Rate Confirmed at 1.2%

The inflation rate in France was confirmed at 1.2 percent year-on-year in June 2019, up from a near two-year low of 0.9 percent in the previous month, as services and food prices rose at a faster pace while energy inflation eased and manufactured products prices continued to fall.

Services inflation accelerated to 1.2 percent in June from 0.6 percent in May, boosted by increases in prices of actual rentals and services for dwellings (0.7 percent vs -0.2 percent), transport (1.5 percent vs -1.5 percent), and other services (1.7 percent vs 1.5 percent); while deflation eased for both health services (-0.2 percent vs -0.4 percent) and communication (-1.1 percent vs -3.4 percent). In addition, food prices rose 2.6 percent, faster than 2.3 percent in the previous month, on the back of fresh food (3.7 percent vs 2.3 percent) and other food (2.3 percent, the same as in May).

On the other hand, inflation softened for both energy (2.4 percent vs 3.4 percent) due to a decline in petroleum products, and tobacco (9 percent vs 9.1 percent); while manufactured products prices continued to fall (-0.7 percent, the same as in May) led by medical products (-3.1 percent vs -2.8 percent) and clothing and footwear (-0.9 percent vs -0.7 percent).

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures, rose to 0.9 percent in June from 0.5 percent in May.

On a monthly basis, consumer prices rose 0.2 percent in June, following a 0.1 percent gain in May, boosted by a rebound in services prices (0.5 percent vs -0.2 percent), which was partly offset by a slight downturn in energy prices (-0.1 percent vs 0.6 percent) and a slowdown in food cost growth (0.1 percent vs 0.7 percent). The prices of manufactured products were stable, after a 0.2 percent rise in May. Similarly, tobacco prices were unchanged in June, following a 0.3 percent advance in the previous month.

The harmonized index of consumer prices increased by 1.4 percent from the previous year (vs 1.1 percent in May) and by 0.3 percent month-over-month (vs 0.1 percent in May).


INSEE | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/11/2019 11:22:01 AM



France Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 0.90 18.80 -0.70 percent [+]
Inflation Rate Mom 0.20 0.10 1.00 -1.00 percent [+]
Consumer Price Index CPI 104.58 104.33 104.58 66.40 Index Points [+]
Harmonised Consumer Prices 105.35 105.06 105.35 65.64 Index Points [+]
Core Consumer Prices 102.77 102.40 102.77 69.30 Index Points [+]
Core Inflation Rate 0.90 0.50 4.00 -0.20 percent [+]
Producer Prices 102.90 103.30 104.40 96.50 Index Points [+]
Producer Prices Change 0.80 1.90 7.30 -7.60 percent [+]
Export Prices 116.50 116.90 120.60 87.20 Index Points [+]
Import Prices 102.20 102.20 122.60 86.60 Index Points [+]
Food Inflation 2.60 2.30 6.50 -1.50 percent [+]
CPI Housing Utilities 106.01 105.16 106.01 52.61 Index Points [+]
CPI Transportation 107.53 107.75 108.43 57.10 Index Points [+]


France Inflation Rate

In France, the most important category in the consumer price index is services (48 percent of total weight), in particular actual rentals and services for dwellings (7 percent), health services (6 percent), transport (3 percent), and communication (2 percent). The index also includes: manufactured products (26 percent) such as medical products (4 percent) and clothing and footwear (4 percent); food (16 percent); energy (8 percent) such as petroleum products (4 percent); and tobacco (2 percent). 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 0.90 18.80 -0.70 1958 - 2019 percent Monthly
2015=100, NSA




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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