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France Inflation May 2021

France: Harmonized inflation continues upward trend in May

Consumer prices rose 0.32% from the previous month in May, picking up from the 0.10% increase seen in April. The reading was driven by rising prices for services and manufactured products.

Inflation ticked up to 1.4% in May, from April’s 1.2% and marking the highest print since February 2020. Meanwhile, harmonized inflation came in at 1.8% in May, up from April’s 1.6%. May’s figure marked the highest inflation rate since December 2018. Annual average harmonized inflation rose to 0.7% in May (April: 0.5%).

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