France Inflation July 2021


France: Harmonized inflation drops to four-month low in July

July 30, 2021

According to a flash estimate, consumer prices increased 0.08% in July over the previous month, below the 0.13% rise seen in June, marking the softest rise in prices since February. The reading largely reflected falling prices for manufactured goods.

Inflation fell to 1.2% in July, from June’s 1.5%. Moreover, harmonized inflation came in at 1.6% in July, which was down from June’s 1.9% and represented the lowest inflation rate since March. Meanwhile, annual average harmonized inflation ticked up to 0.9% in July (June: 0.8%).

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.6% 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 July 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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