France Inflation March 2019

France

France: Inflation ticks down in March

April 15, 2019

On 11 April, the Statistical Institute (INSEE) reported that consumer prices rose 0.8% from a month earlier in March (February: +0.0% month-on-month). Higher fuel costs were behind the jump.

Inflation dipped to 1.1% from 1.3% in February, while core inflation landed at 0.5% (February: 0.7%). Annual average inflation, meanwhile, ticked down to 1.8% from 1.9%.

Harmonized consumer prices rose 0.9% from a month earlier (February: +0.1% month-on-month), while harmonized inflation slowed to 1.3% from 1.6% in February. Lastly, annual average harmonized inflation was stable from February at 2.1%.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.3% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, panelists see harmonized inflation averaging 1.5%.


Author:, Economist

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France Inflation March 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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