Inflation in France

France Inflation | Economic News & Forecasts

France - Inflation

Harmonized inflation comes in at highest level since November 2011 in September

According to a flash estimate, consumer prices dropped 0.24% in September over the previous month, contrasting the 0.61% increase recorded in August. September's result marked the lowest print since September 2020. The result was largely driven by falling prices for services and for food and non-alcoholic beverages.

Harmonized inflation came in at 2.7% in September, which was up from August’s 2.4%. September's result represented the highest inflation rate since November 2011. Accordingly, the trend pointed up, with annual average harmonized inflation coming in at 1.3% in September (August: 1.0%). Lastly, consumer price inflation ticked up to 2.1% in September, from August’s 1.9%.

FocusEconomics Consensus Forecast panelists project harmonized inflation averaging 1.7% in 2021, which is up 0.1 percentage points from last month’s estimate, and 1.6% in 2022, which is up 0.3 percentage points from last month’s forecast.

France - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.0  0.2  1.0  1.9  1.1  

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France 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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