France: Inflation slows in January
February 21, 2019
On 21 February, the Statistical Institute (INSEE) reported that consumer prices fell 0.4% from a month earlier in January (December: +0.0% month-on-month). Lower fuel costs, as well as seasonal sales, were behind the reading.
Inflation fell to 1.2% from 1.6% in December, while annual average inflation edged down to 1.8% from 1.9%.
Harmonized consumer prices fell 0.6% from a month earlier (December: +0.1% month-on-month), while harmonized inflation slowed to 1.4% from 1.9% in December. Lastly, annual average harmonized inflation was stable from December at 2.1%.
France Inflation Forecast
FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.5% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists see harmonized inflation averaging 1.6%.
Author: Christopher Thomas, Economist