Inflation in France

France Harmonized Inflation | Economic News & Forecasts

France - Harmonized Inflation

Inflation slows in January

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%.

France - Harmonized Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (HICP, annual variation in %)1.0  0.6  0.1  0.3  1.2  

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France Harmonized Inflation Chart


France Inflation
Note: Annual variation of consumer price index (HICP) in %.
Source: National Institute of Statistics and FocusEconomics calculations.

France Facts

ValueChangeDate
Bond Yield0.400.46 %Mar 11
Exchange Rate1.120.65 %Mar 11
Stock Market5,266-0.29 %Mar 11

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Economic News

  • France: Consumer confidence recovers in February

    February 26, 2019

    Consumer confidence continued its recovery in February, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which climbed 3 points from January to land at 95 points.

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  • France: Business confidence stabilizes through February

    February 25, 2019

    In February, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector was stable from a month earlier at 103 points.

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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).

    Read more

  • France: Industrial output rebounds in December

    February 8, 2019

    In seasonally-adjusted terms, industrial output expanded 0.8% in December, contrasting a revised 1.5% month-on-month contraction in November (previously reported: -1.3% month-on-month s.a.).

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  • France: Private-sector activity slips again in January

    February 5, 2019

    In January, the seasonally-adjusted IHS Markit Composite Purchasing Managers’ Index (PMI) fell to 48.2 from 48.7 a month earlier, landing below the 50.0-point threshold and signaling a contraction in private-sector activity. January’s reading reflected weaker services-sector activity, although it was unclear whether these disruptions were brought on by the ‘gilets jaunes’ protests.

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