France Inflation August 2020


France: Inflation falls in August

August 28, 2020

Consumer prices fell a seasonally-adjusted 0.09% from the previous month in August, contrasting the 0.38% rise logged in July, according to a preliminary reading by the Statistical Institute (INSEE). August's result marked the sharpest decline in prices since January and largely reflected falling prices for manufactured products.

Similarly, harmonized consumer prices fell 0.1% in August, contrasting July’s 0.4% rise. Moreover, harmonized inflation dropped to 0.2% in August, below July’s 0.9%, while annual average harmonized inflation ticked down to 0.9% in August (July: 1.0%).

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.5% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, panelists see harmonized inflation averaging 1.0%.

Author:, Economist

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France Inflation Chart

France Inflation August 20 20

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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