Inflation in France
France - Inflation
Harmonized inflation comes in at highest level since our records began
Consumer prices increased 0.27% from the previous month in July, coming in below the 0.74% rise recorded in June. July's result marked the weakest reading since January. Looking at the details of the release, prices for manufactured products decreased at a faster rate, while prices for energy dropped.
Harmonized inflation inched up to 6.8% in July, slightly above June’s 6.5%. July's figure was the highest inflation rate since current records began. Annual average harmonized inflation rose to 4.4% in July (June: 3.9%). Lastly, consumer price inflation rose to 6.1% in July, picking up from the previous month's 5.8%.
FocusEconomics Consensus Forecast panelists project harmonized inflation averaging 5.6% in 2022, which is up 0.3 percentage points from last month’s estimate, and 3.1% in 2023.
France - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.0||0.2||1.0||1.9||1.1|
5 years of economic forecasts for more than 30 economic indicators.
France 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 5, 2022
Industrial production increased 1.4% month-on-month in seasonally-adjusted terms in June (May: +0.2% mom).
July 29, 2022
Consumer prices increased 0.27% from the previous month in July, coming in below the 0.74% rise recorded in June.
France: Composite PMI falls to lowest level in over a year in July; raises concerns over a potential recession
July 22, 2022
The S&P Global Flash Purchasing Managers’ Index (PMI) fell to 50.6 in July from 52.5 in June, marking the lowest reading since March 2021.
July 13, 2022
Consumer prices rose 0.72% in June over the previous month, picking up from May's 0.68% increase.
July 5, 2022
Industrial output flatlined on a month-on-month seasonally-adjusted terms in May, improving from April's 0.3% decrease.