France Inflation June 2018


France: Harmonized inflation steady at near six-year high in June

July 12, 2018

Revised data released by the National Statistical Institute (INSEE) on 12 July matched preliminary figures and showed that consumer prices growth edged down from 0.4% month-on-month in May to a flat reading in June. Higher prices for fuel and energy were offset by lower prices for food products.

Inflation came in at 2.0% in June, matching the print observed in May, which had marked an almost six-year high. Meanwhile, annual average inflation inched up to 1.3% in June from May’s 1.2%.

Harmonized consumer prices recorded zero growth in June, which was below May´s 0.5% month-on-month increase. Harmonized inflation remained unchanged in June at the almost six-year high of 2.3% recorded in May. Finally, annual average harmonized inflation rose to 1.5% in June from 1.3% in May.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.4% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, panelists project that average inflation will increase to 1.5%.

Author: Jean-Philippe Pourcelot, Economist

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France Inflation Chart

France Inflation June 2018

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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