Inflation in France
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
|Inflation Rate (HICP, annual variation in %)||0.1||0.3||1.2||2.1||1.3|
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||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 3, 2020
The seasonally-adjusted IHS Markit Composite Purchasing Managers’ Index (PMI) rose to 57.3 in July, after June’s 51.7, marking the best reading since January 2018.
July 31, 2020
The economy contracted at the sharpest rate on record in the second quarter as the pandemic and associated containment measures wreaked havoc on activity.
July 31, 2020
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 29, 2020
Consumer confidence index fell to 94 in July from June's 96, according to the Statistical Institute (INSEE).
July 28, 2020
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 57.6 in July, after June’s 51.7.