French architecture in France

France Inflation December 2022

France: Harmonized inflation remains stable in November

Harmonized inflation came in at 7.1% in November, matching Octobers reading. November’s figure represented the highest inflation rate since our current records began. The stable print was driven by increasing food and transport prices, and declining housing and utilities costs.

Annual average harmonized inflation rose to 5.6% in November (October: 5.3%). Meanwhile, consumer price inflation was steady, coming in at October’s 6.2% in November. Finally, harmonized consumer prices increased 0.47% in November over the previous month, a smaller increase than October’s 1.24% rise.

Commenting on the outlook, Charlotte de Montpellier, senior economist at ING, noted:

“Inflation in France is expected to rise further […]. Indeed, due to regulations and contracts, many price revisions can only take place once a year, usually at the beginning of the year. [Moreover] the revision of the cap and the end of fuel rebates could add up to one percentage point to French inflation from January. […] The peak of inflation in France should therefore only be reached later in 2023, and French inflation will fall much less rapidly than in neighbouring countries.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest