France Inflation June 2019

France

France: Inflation speeds up in June

June 28, 2019

Consumer prices rose 0.2% month-on-month in June, edging up from May’s 0.1% outturn. According to a preliminary estimate released by the French Statistical Institute (INSEE), higher prices for transport and communication, coupled with a rebound in prices for services, drove the uptick.

Inflation came in at 1.2% from 0.9% in May, while harmonized inflation landed at 1.4% (May: 1.1%). Annual average inflation, meanwhile, ticked down to 1.6% from 1.7%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.3% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see harmonized inflation averaging 1.5%.


Author:, Economist

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France Inflation June 2019

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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