France Inflation June 2019

France

France: Inflation creeps up in June

July 11, 2019

On 11 July, the Statistical Institute (INSEE) reported that consumer prices rose 0.2% month-on-month in June, inching up from May’s 0.1% increase, in large part due to a rebound in prices for services.

Inflation climbed to 1.2% from 0.9% in May, while core inflation landed at 0.9% (May: 0.5%). Annual average inflation, meanwhile, ticked down to 1.6% from 1.7%.

Harmonized consumer prices rose 0.3% month-on-month in June, up from 0.1% in May, while harmonized inflation increased to 1.4% from 1.1% in May. Lastly, annual average harmonized inflation remained stable at 1.9%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.3% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see harmonized inflation averaging 1.5%.


Author:, Economist

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France Inflation June 2019 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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