France Inflation July 2019

France

France: Inflation edges down in July

July 31, 2019

Consumer prices decreased 0.2% month-on-month in July (June: +0.2% month-on-month), the lowest reading in six months, according to a provisional estimate released by the Statistical Institute (INSEE). The drop largely reflected a fall in prices for energy and manufactured goods.

Inflation eased to 1.1% from 1.2% in June, while annual average inflation, ticked down to 1.5% from 1.6%.

Harmonized consumer prices fell 0.2% month-on-month in July, down from the 0.3% increase in June, while harmonized inflation inched down to 1.3% from 1.4% in June. Similarly, annual average harmonized inflation edged down to 1.8% from 1.9% a month prior.

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 1.4%.


Author:, Economist

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France Inflation July 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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