France Inflation June 2020

France

France: Harmonized inflation slows in June

June 30, 2020

In June, consumer prices edged down 0.1%, contrasting a 0.1% increase in May according to a preliminary release by the Statistical Institute (INSEE). The downturn reflected a slowdown in service-price growth and falling prices for food and manufactured goods.

Similarly, harmonized consumer prices fell 0.1% over the previous month in June, after rising 0.2% in May, while harmonized inflation came in at 0.1% (May: 0.4%). Meanwhile, annual average harmonized inflation ticked down to 1.0% (May: 1.1%).

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.6% in 2020, which is up 0.2 percentage points from last month’s forecast. For 2021, panelists see harmonized inflation averaging 1.2%.


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France Inflation June 20 20 2

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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