France Inflation December 2021


France: Harmonized inflation remains steady in December

January 14, 2022

Consumer prices rose 0.22% from the previous month in December, below November's 0.36% rise. December's result marked the weakest reading since September. December’s result was largely attributed to falling prices for energy, which more than offset higher prices for food and non-alcoholic beverages as well as for services.

Harmonized inflation came in at 3.4% in December, unchanged from November’s result. December's figure marked the highest inflation rate since August 2008. Meanwhile, the trend pointed up, with annual average harmonized inflation coming in at 2.1% in December (November: 1.8%). Lastly, consumer price inflation was steady, coming in at November's 2.8% in December.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.1% in 2022, which is up 0.3 percentage points from last month’s forecast. For 2023, panelists see harmonized inflation averaging 1.5%.


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France Inflation Chart

France Inflation December 2021 1

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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