French consumer prices dropped 0.2 percent from a month earlier in November 2018, unrevised from the preliminary estimate and following a 0.1 percent advance in October. This downturn resulted from that in services prices (-0.3 percent vs flat reading) and in energy prices (-0.7 percent vs 1.8 percent). Food prices dropped by 0.2 percent, as in the previous month, the downturn in fresh food prices being offset by higher prices in other food products. Contrariwise, manufactured product prices rose by 0.1 percent after showing no growth in October. Inflation Rate Mom in France averaged 0.13 percent from 1990 until 2018, reaching an all time high of 1 percent in March of 2018 and a record low of -1 percent in January of 2015.
Inflation Rate Mom in France is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in France to stand at -0.30 in 12 months time. In the long-term, the France Inflation Rate MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.