Inflation in France

France Harmonized Inflation | Economic News & Forecasts

France - Harmonized Inflation

Inflation hits highest level since February

Consumer prices rose a seasonally-adjusted 0.42% over the previous month in July, picking up from the 0.08% rise seen in June, according to a preliminary release by the Statistical Institute (INSEE). July's uptick was the sharpest increase in prices since December 2019 and largely reflected an increase in prices for services.

Similarly, harmonized consumer prices rose 0.45% in July, up from June’s 0.09%. Moreover, harmonized inflation rose to 0.9% in July, up from June’s 0.2%. July's figure marked the highest inflation rate since February. Meanwhile, the trend was unchanged with annual average harmonized inflation coming in at June's 1.0% in July.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.5% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, panelists see harmonized inflation averaging 1.0%.

France - Harmonized Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %)0.1  0.3  1.2  2.1  1.3  

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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

Value Change Date
Bond Yield0.080.46 %Jan 01
Exchange Rate1.120.65 %Dec 31

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