France Inflation November 2020


France: Harmonized inflation hits highest level since July in November

December 15, 2020

Consumer prices increased a seasonally-adjusted 0.21% over the previous month in November, contrasting the 0.04% fall recorded in October and marking the sharpest increase in prices since July. The rebound was driven by rising prices for services and food and beverages. In addition, price pressures for energy also gained steam.

Harmonized inflation rose to 0.2% in November, from October’s 0.1%. November's result represented the highest inflation rate since July. Meanwhile, annual average harmonized inflation remained at October's 0.7% in November.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.9% in 2021, which is down 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 November 20 20 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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