Inflation in France
France - Harmonized Inflation
Inflation steady at six-year high in August
On 13 September, the Statistical Institute (INSEE) confirmed earlier estimates that consumer prices rose 0.5% from a month earlier, contrasting the 0.1% month-on-month contraction observed in July. The recovery reflected higher prices for manufactured products as summer sales wrapped up. Moreover, food prices rose moderately, while tourism-related services prices slowed considerably.
Inflation was confirmed at 2.3% in August, as in July, marking a six-year high. Annual average inflation ticked up to 1.6% from 1.5% in July.
Harmonized consumer prices increased 0.5% from a month earlier (July: -0.1% month-on-month), while harmonized inflation was steady from July at a six-year high 2.6%. Finally, annual average harmonized inflation inched up to 1.7% in August from 1.6% a month earlier.
FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 1.9% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see harmonized inflation averaging 1.6%.
France - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||1.0||0.6||0.1||0.3||1.2|
5 years of economic forecasts for more than 30 economic indicators.
France Harmonized Inflation Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||0.81||0.46 %||Oct 12|
|Exchange Rate||1.16||0.65 %||Oct 12|
|Stock Market||5,096||-0.29 %||Oct 12|
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September 13, 2018
On 13 September, the Statistical Institute (INSEE) confirmed earlier estimates that consumer prices rose 0.5% from a month earlier, contrasting the 0.1% month-on-month contraction observed in July.
September 7, 2018
In seasonally-adjusted terms, industrial output rose 0.7% month-on-month in July, in line with June’s reading.
September 5, 2018
In August, the seasonally-adjusted IHS Markit Composite Purchasing Managers’ Index (PMI) rose to 54.9 from 54.4 a month earlier, signaling another solid expansion of business activity across the private sector.
August 31, 2018
According to preliminary data published by the Statistical Institute (INSEE) on 31 August, consumer prices rose 0.5% from the previous month, contrasting the 0.1% contraction observed in July.
August 28, 2018
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained unchanged for the third consecutive month at an almost two-year low of 97 points in August.