France Inflation February 2020


France: Harmonized inflation inches down in February

March 13, 2020

In February, consumer prices were stable from the previous month after falling 0.4% in January, according to a preliminary release by the Statistical Institute (INSEE). Overall, lower prices for energy were largely offset by higher prices for services and manufactured products.

Harmonized consumer prices were stable as well month-on-month (January: -0.5%), while harmonized inflation came in at 1.6% (January: 1.7%). Meanwhile, annual average harmonized inflation was steady at 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 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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