France Inflation February 2018


France: HICP inflation edges down in February

March 15, 2018

Revised data released by the National Statistical Institute (INSEE) on 15 March showed that consumer prices were unchanged in February from the previous month (previously reported: -0.1% month-on-month), contrasting the 0.1% month-on-month drop observed in January. Lower prices for food products, manufactured goods offset higher prices for services.

Inflation inched down from January’s 1.3% to 1.2% in February. Meanwhile, annual average inflation in February was stable at the previous month’s reading of 1.0%.

Harmonized consumer prices also remained flat from the previous month in February, coming in above the 0.1% drop observed in January. Harmonized inflation dropped from 1.5% in January to 1.3% in February. Lastly, annual average HICP inflation inched down from 1.2% in January to 1.1% in February.

France Inflation Forecast

FocusEconomics Consensus Forecast panelists expect HICP inflation to average 1.3% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, panelists project that inflation will be 1.5%.

Author: Jean-Philippe Pourcelot, Economist

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France Inflation Chart

France Inflation February 2018 0

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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