France Inflation June 2021


France: Harmonized inflation continues upward trend in June

July 13, 2021

Consumer prices increased 0.13% in June over the previous month, which was below May's 0.32% rise. The moderation was primarily due to softer growth in prices for services. In addition, price pressures for food and non-alcoholic beverages declined.

Harmonized inflation inched up to 1.9% in June, following May’s 1.8%, marking the highest inflation rate since December 2018—although partly flattered by a low base effect. Annual average harmonized inflation rose to 0.8% in June (May: 0.7%). Lastly, consumer price inflation rose to 1.5% in June, from the previous month's 1.4%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.5% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, panelists see harmonized inflation averaging 1.3%.


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France Inflation Chart

France Inflation June 2021 0

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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