France Inflation January 2019

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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:, Economist

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France Inflation Chart


France Inflation January 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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