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France Inflation April 2020

France: Harmonized inflation falls to near four-year low in April

In April, consumer prices were stable month-on-month, after March’s 0.1% increase, according to a second release by the Statistical Institute (INSEE). A rebound in food prices offset the drop in energy prices.

Similarly, harmonized consumer prices were stable in April (March: +0.1% month-on-month), while harmonized inflation came in at 0.4% (March: 0.8%), the lowest print since August 2016. Meanwhile, annual average harmonized inflation edged down to 1.2% from 1.3% in the month prior.

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