France Inflation November 2021


France: Harmonized inflation comes in at highest level since August 2008 in November

November 26, 2021

According to a flash estimate, consumer prices rose 0.36% in November over the previous month, below the 0.41% rise recorded in October. Looking at the details of the release, prices for services and manufactured goods rose in November, while prices for cooled notably.

Harmonized inflation came in at 3.4% in November, up from October’s 3.2%. November's figure marked the highest inflation rate since August 2008. Accordingly, the trend pointed up, with annual average harmonized inflation coming in at 1.8% in November (October: 1.5%). Finally, consumer price inflation rose to 2.8% in November, from the previous month's 2.6%.

FocusEconomics Consensus Forecast panelists project harmonized inflation averaging 1.8% in 2022, which is up 0.1 percentage points from last month’s estimate, and 1.4% in 2023.


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France Inflation Chart

France Inflation November 2021

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Institute of Statistics and Economic Studies (INSEE).

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