France Inflation December 2019


France: Harmonized inflation spikes in December

January 3, 2020

Consumer prices jumped 0.4% in December, following November’s 0.1% uptick, according to a first estimate by the Statistical Institute (INSEE). Higher prices for food and energy and a rebound in services prices likely drove the monthly upturn.

Harmonized consumer prices climbed 0.5% month-on-month in December (November: +0.1% month-on-month), while harmonized inflation increased to a one-year high of 1.6% from 1.2% in November. Meanwhile, annual average harmonized inflation was steady at November’s 1.3%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.3% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, panelists see harmonized inflation averaging 1.5%.

Author: Massimo Bassetti, Senior Economist

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France Inflation Chart

France Inflation December 2019

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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