France Inflation November 2016


France: Inflation reaches two-and-a-half year high in November

December 14, 2016

According to revised figures released published by the National Statistical Institute (INSEE) on 14 December, consumer prices stayed flat in November (October: 0.0%). The reading reflects that higher prices for food products and energy offset lower prices of manufacturing products and services.

Inflation inched up from 0.4% in October to 0.5% in November, marking a two-and-a-half year high. Meanwhile, annual average inflation in November inched up to 0.2% from October’s 0.1%.

Harmonized consumer prices (based on the harmonized index of consumer prices (HICP)) remained stable in November (October: 0.0% month-on-month). Harmonized inflation in November edged up from 0.5% in October to 0.7%. Meanwhile, annual average HICP inflation picked up from 0.2% in October to 0.3% in November.

FocusEconomics Consensus Forecast panelists expect HICP inflation to average 0.3% in 2017, which is unchanged from last month’s forecast. For 2018, panelists project that inflation will accelerate to 1.2%.

Author: Jean-Philippe Pourcelot, Economist

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France Inflation Chart

France Inflation November 2016

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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