France Inflation June 2017

France

France: Inflation moderates in June

June 30, 2017

According to preliminary figures released by the National Statistical Institute (INSEE) on 30 June, consumer prices came in flat in June (May: 0.0% month-month). The reading reflects lower prices for energy products and food, which offset higher prices for services.

Inflation in June edged down from 0.8% in May to a five-month low of 0.7%. Meanwhile, annual average inflation remained steady in June at the 0.7% print observed in May.

Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) remained unchanged at the flat rate observed in May. Harmonized inflation came in at 0.9% in June (May: +0.9% year-on-year). Meanwhile, annual average HICP inflation remained unchanged at the 0.9% reading observed in May.

FocusEconomics Consensus Forecast panelists expect HICP inflation to average 1.4% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, panelists project that inflation will remain steady at 1.4%.


Author: Jean-Philippe Pourcelot, Economist

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France Inflation June 2017

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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