France Inflation February 2021


France: Harmonized inflation stable in February

March 16, 2021

Consumer prices recorded zero growth over the previous month in February, following the 0.15% rise logged in January. Looking at the details of the release, food and non-alcoholic beverages as well as manufacturing prices dropped in February compared to the previous month. Meanwhile, price pressures for services gained steam.

Inflation clocked in at 0.6% in February, matching January’s reading. Harmonized inflation came in at 0.8% in February (January: 0.8%), while annual average harmonized inflation fell to 0.4% in February (January: 0.5%).

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.0% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, panelists see harmonized inflation averaging 1.2%.


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France Inflation Chart

France Inflation February 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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