France Inflation January 2020


France: Harmonized inflation steady in January

January 31, 2020

Consumer prices fell 0.4% in January after rising 0.4% in December, according to a first estimate by Statistical Institute (INSEE). The downturn reflected falling prices for transport and energy, as well as lower prices for manufactured products due to winter sales.

Harmonized consumer prices decreased 0.5% month-on-month in January (December: +0.5%), while harmonized inflation came in at 1.6%, matching December’s print. Similarly, annual average harmonized inflation was steady at December’s 1.3%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.3% in 2020, which is unchanged from last month’s forecast. For 2021, panelists see harmonized inflation averaging 1.4%.

Author:, Economist

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France Inflation Chart

France Inflation January 20 20 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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