France Inflation February 2020


France: Harmonized inflation inches down in February

February 28, 2020

Consumer prices were stable month-on-month in February, after falling 0.4% in January according to a first estimate by Statistical Institute (INSEE) on 28 February. Higher prices for manufactured goods and services were offset by lower oil prices. Similarly, harmonized consumer prices were unchanged on a monthly basis, following a 0.5% decline in the preceding month.

Meanwhile, harmonized inflation eased to 1.6% in February (January: 1.7%), while annual average harmonized inflation was steady at January’s 1.3%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.3% in 2020, which is unchanged from last month’s forecast. For 2021, panelists see harmonized inflation averaging 1.4%.

Author:, Economist

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France Inflation Chart

France Inflation February 20 20

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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