France Inflation October 2019


France: Harmonized inflation edges down in October

November 14, 2019

Consumer prices saw no month-on-month growth in October, following September’s 0.3% fall, according to a second estimate by the Statistical Institute (INSEE). A slight increase in manufactured product prices was offset by a drop in service and food prices, while energy prices remained broadly steady.

Harmonized consumer prices fell 0.1% month-on-month in October (September: -0.4% month-on-month), while harmonized inflation edged down to 0.9% from 1.1% in September. In turn, annual average harmonized inflation moderated to 1.4% from 1.5% a month prior.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.4% in 2020, which is unchanged from last month’s forecast. For 2021, panelists see harmonized inflation averaging 1.5%.

Author:, Economist

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France Inflation Chart

France Inflation October 2019 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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