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French Inflation Rate Falls Less than Forecast in July
France's consumer price inflation rate is expected to ease to 1.2 percent in July 2021, from last month's one-and-a-half-year high of 1.5 percent but above market expectations of 1.0 percent, according to preliminary estimates. This decrease in inflation should result from the downturn in manufactured good prices, linked to the postponed summer sales, the slowdown in the prices of services, and to a lesser extent tobacco. Conversely, the prices of food should rebound and those of energy should accelerate. On a monthly basis, consumer prices are seen rising 0.1 percent in July, the same as in the previous month and beating forecasts of a 0.1 percent drop.
Published on 2021-07-30

France Inflation Rate Confirmed at 1-1/2-Year High of 1.5%
The annual inflation rate in France rose to 1.5 percent in June of 2021 from 1.4 percent in the previous month, in line with preliminary estimates. It was the highest inflation rate since January of 2020, as cost of manufactured goods rebounded (0.7 percent vs -0.1 percent). Also, food prices fall slightly less than in the previous month (-0.2 percent vs -0.3 percent) while tobacco inflation was unchanged (at 5.3 percent). On the other hand, prices of services (0.8 percent vs 1.1 percent) and those of energy (10.9 percent vs 11.7 percent) slowed down. On a monthly basis, consumer prices increased by 0.1 percent in June, after a 0.3 percent gain in May.
Published on 2021-07-13

France Inflation Rate Inches Higher to 1.5%
Annual inflation rate in France is expected to edge up to 1.5 percent in June of 2021 from 1.4 percent in May and in line with forecasts. It is the highest inflation rate since January of 2020, preliminary forecasts showed, and mainly due to a rebound of manufactured good prices. Tobacco prices should rise at the same rate as in the last month and food deflation should also be the same. On the other hand, cost of services and energy should slow down.
Published on 2021-06-30

French May Inflation Rate Confirmed at 15-Month High
France's consumer price inflation rate was confirmed at 1.4 percent in May 2021, the highest since February 2020, reflecting the ongoing economic recovery and the low base year. Energy prices jumped 11.7 percent, compared with an 8.8 percent rise in April, boosted by cost for petroleum products. Meanwhile, inflation slowed for both services (1.1 percent vs 1.2 percent) and tobacco (5.3 percent vs 5.8 percent). There were declines in prices for manufactured goods (-0.1 percent vs -0.2 percent) and food (-0.3 percent, the same as in April). On a monthly basis, consumer prices increased by 0.3 percent in May, compared with a 0.1 percent gain in April.
Published on 2021-06-15

French Inflation Rate at 15-Month High in May
France's consumer price inflation is expected to rise to 1.4 percent year-on-year in May 2021, the highest level since February 2020 and in line with market expectations, a preliminary estimate showed. Main upward pressure should come from energy prices (11.8 percent vs 8.8 percent in April). On the other hand, the prices of manufactured goods should be stable after a 0.2 percent decrease in April. The decline in food prices should be slightly less marked than in the previous month (-0.2 percent vs -0.3 percent). Meanwhile, costs are expected to slow down for services (1 percent vs 1.2 percent) and tobacco products (5.3 percent vs 5.8 percent). On a monthly basis, consumer prices are expected to advance 0.3 percent, up from a 0.1 percent rise in March and matching market consensus. The harmonized index should increase an annual 1.8% and 0.4% on a monthly basis.
Published on 2021-05-28

French April Inflation Rate at 14-Month High
The annual inflation rate in France increased to a 14-month high of 1.2% in April of 2021 from 1.1% in March, slightly below a preliminary estimate of 1.3%. Main upward pressure came from prices of energy (8.8% vs 4.7% in March), of which petroleum products (13.9% vs 5.6%) and natural gas (9.5% vs 8.7%); and services (1.2% vs 1.1%), namely communication (4.2% vs 1.3%) in the wake of the rebound of the wireless telephone service prices (5.1% vs -0.7%). The prices of other services also accelerated (1.3% vs 1.0%) and those of housing-related services rose by 0.9% as in March. At the same time, tobacco prices continued to rise solidly (5.8%, as in March). Conversely, costs decreased for food (-0.3% vs 0.9%) and manufactured goods (-0.2%, the same pace as in March). On a monthly basis, consumer prices edged up 0.1%, easing from a 0.6% increase in the prior month and slightly below a preliminary reading of 0.2%. The harmonized index increased an annual 1.6% and 0.2% on a monthly basis.
Published on 2021-05-12

French Inflation Rate Hits 14-Month High in April
France's consumer price inflation is expected to pick up to 1.3 percent year-on-year in April 2021, the highest level since February 2020 and in line with market expectations, a preliminary estimate showed. Prices of services and energy should increase at a faster pace, while cost for manufactured products and food are likely to fall. On a monthly basis, consumer prices are expected to advance 0.2 percent, easing from a 0.6 percent rise in March.
Published on 2021-04-30

France March Inflation Rate Confirmed at 1-Year High
The annual inflation rate in France increased to a one-year high of 1.1% in March of 2021 from 0.6% in February, in line with preliminary estimates. Main upward pressure came from prices of services (1.1% vs 0.8% in February), namely those of transport services (1.8% vs -0.7%) in the wake of airfares (4.2% vs -4.5%); and energy (4.7% vs -1.6%), of which petroleum products (5.6% vs -4.6%) and natural gas (8.7% vs 0.7%). Costs also went up slightly for food (0.9% vs 0.8%), on account of fresh vegetables (6.3% vs 2.4%). At the same time, the rate of decrease in manufactured good prices softened (-0.2% vs -0.4%). Meanwhile, tobacco prices slowed down (5.8% vs 12.8%). On a monthly basis, consumer prices went up 0.6%, the highest monthly rate since March of 2019 and also in line with early figures. The harmonized index increased an annual 1.4% and 0.7% on a monthly basis.
Published on 2021-04-15

France Inflation Rate Rises to 1-Year High of 1.1%
Annual inflation rate in France increased to 1.1 percent in March of 2021, the highest since February of 2020 and matching market expectations, preliminary estimates showed. The rise in inflation results from an acceleration in services cost (1.1 percent vs 0.8 percent) and a marked rebound in energy (4.8 percent vs -1.6 percent). Also, prices of manufactured products fell at a slower pace (-0.2 percent vs -0.4 percent) and tobacco inflation slowed (5.8 percent vs 12.8 percent). On a monthly basis, consumer prices went up 0.6 percent., the highest monthly rate since March of 2019.
Published on 2021-03-31

French February Inflation Rate Revised Higher
France's consumer price inflation rate was revised higher to 0.6 percent year-on-year in February 2021, up from a preliminary estimate of 0.4 percent and unchanged from the previous month, as services cost inflation was higher than previously thought and prices for both manufactured goods and energy fell less than initially estimated. Upward pressure came from services (0.8 percent, the same as in January), boosted by actual rentals and services for dwellings, communication and other services; food (0.8 percent vs 1.0 percent); and tobacco (12.8 percent vs 12.7 percent). Meanwhile, there were falls in cost for manufactured products (-0.4 percent vs 0.8 percent), led by clothing and footwear and medical products; and energy (-1.6 percent vs -5.8 percent). On a monthly basis, consumer prices were unchanged in February, after a 0.2 percent gain in January.
Published on 2021-03-16

France Inflation Rate Eases to 0.4%
The annual inflation rate in France edged down to 0.4 percent from 0.6 percent in February, compared to market forecasts of 0.3 percent, preliminary estimates showed. Prices of manufactured goods fell (-0.5 percent vs 0.8 percent) and cost grew less for services (0.7 percent vs 0.8 percent) and food (0.8 percent vs 1 percent). Prices for tobacco were little changed (12.8 percent vs 12.7 percent) and cost of energy declined at a slower pace (-1.7 percent vs -5.8 percent). On a monthly basis, consumer prices edged down 0.1 percent. The harmonised index rose 0.7 percent on the year and 0.3 percent on the month.
Published on 2021-02-26

France January Inflation Rate Confirmed at 6-Month High
The annual inflation rate in France increased to 0.6 percent in January of 2021 from a flat reading in December, in line with preliminary estimates. It was the highest inflation rate since July, as prices rose faster for both services (0.8 percent vs 0.7 percent in December) and tobacco (12.7 percent vs 12.5 percent). At the same time, the cost of manufactured goods rebounded sharply (0.8 percent vs -0.9 percent), due to the offset of winter sales. Also, energy prices decreased at a softer pace (-5.8 percent vs -7.0 percent) in the wake of petroleum product prices. Meanwhile, food inflation remained steady (at 1 percent). On a monthly basis, consumer prices went up 0.2 percent, the same pace as in December and also in line with early figures. The harmonized index increased an annual 0.8 percent and 0.3 percent on a monthly basis.
Published on 2021-02-19

France Inflation Rate at 6-Month High
Annual inflation rate in France increased to 0.6 percent in January of 2021 from a flat reading in December, beating market forecasts of 0.4 percent. It is the highest inflation rate since July of 2020, preliminary estimates showed. Main upward pressure came from higher prices of services (0.9 percent vs 0.7 percent) and tobacco (12.7 percent vs 12.5 percent) and a rebound in cost of manufactured goods (1 percent vs -0.9 percent), due to the offset of winter sales. On a monthly basis, consumer prices are seen rising 0.2 percent.
Published on 2021-02-02

Consumer Prices in France Stall
Consumer prices in France were flat year-on-year in December of 2020, in line with preliminary estimates. Food inflation slowed (1 percent vs 2 percent) and prices of manufactured goods decreased faster (-0.9 percent after -0.3 percent). Cost of services (0.7 percent) and tobacco (12.5 percent) increased at the same rate as in November and prices of energy were down slightly less (-7 percent after -7.8 percent). On a monthly basis, consumer prices went up 0.2 percent, also in line with early figures. The harmonized index also remained unchanged on a yearly basis and increased 0.2 percent on the month.
Published on 2021-01-15

Consumer Prices in France Flat in December
Consumer prices in France were flat year-on-year in December of 2020, following a 0.2 percent rise in the previous month and compared to forecasts of 0.2 percent, preliminary estimates showed. Food prices increased less (1.1 percent vs 2 percent) and those of manufactured goods fell more (-1 percent vs -0.3 percent). Also, prices of tobacco rose 12.5 percent, the same as in the previous month and energy cost declined slightly less (-7 percent vs -7.8 percent). On a monthly basis, consumer prices edged up 0.2 percent, the same as in November. The harmonized index also went up 0.2 percent n the month and was flat on the year.
Published on 2021-01-06

France Inflation Rate Confirmed at 0.2%
Annual inflation rate in France increased to 0.2 percent in November of 2020, following a flat reading in each of the previous two months and in line with preliminary estimates. Cost rose faster for services (0.7 percent vs 0.4 percent), mainly due to a rebound in cost of mobile phone services and food (2 percent after 1.5 percent), namely fresh fruits and vegetables and energy prices fell at the same pace (-7.8 percent). In addition, prices of tobacco slowed (12.5 percent vs 13.7 percent) and those of manufactured goods decreased more sharply (-0.3 percent vs –0.1 percent). On a monthly basis, consumer prices increased 0.2 percent, matching preliminary estimates. The harmonized index also increased an annual 0.2 percent and 0.2 percent on a monthly basis.
Published on 2020-12-15

French Consumer Prices Rebound in November
France's consumer prices are expected to increase by 0.2 percent from a year earlier in November 2020, after being unchanged in the previous two months and slightly beating market expectations of 0.1 percent, a preliminary estimate showed. Prices should rise at a faster pace for services and food, and energy cost is set to fall again. Also, tobacco inflation is expected to slow, while manufactured goods price deflation should deepen. On a monthly basis, consumer prices are seen rising by 0.2 percent.
Published on 2020-11-27

France Consumer Prices Flat in October
Consumer prices in France were flat on a yearly basis in October of 2020, the same as in September and in line with preliminary estimates. Prices of services slowed (0.4 percent vs 0.6 percent), offsetting a rise in food cost (1.5 percent vs 0.9 percent) and smaller decreases in energy (-7.8 percent vs -8 percent) and manufactured goods (-0.1 percent vs -0.2 percent). On a monthly basis, consumer prices were also unchanged. The harmonized index was unchanged compared to the previous month and edged up 0.1 percent from October of 2019.
Published on 2020-11-13

France Inflation Rate Stalls Again in October
Consumer prices in France stalled again on a yearly basis in October, the same as in September, according to preliminary estimates. Food prices rose faster (1.5 percent vs 0.9 percent) while cost of services slowed (0.3 percent vs 0.6 percent) and tobacco prices increased at the same pace as in September (13.7 percent). Meanwhile, cost continued to decline for energy (-7.7 percent vs -8 percent) and manufactured products (-0.1 percent vs -0.2 percent). On a monthly basis, consumer prices edged down 0.1 percent after falling 0.5 percent in September. The harmonized index likely stalled on a yearly basis and declined 0.1 percent on a monthly one.
Published on 2020-10-30

France Inflation Rate Stalls in September
Consumer prices in France stalled on a yearly basis in September of 2020, revised lower from a preliminary estimate of a 0.1 percent rise and the lowest rate since May of 2016. Prices of services (0.6 percent vs 0.9 percent in August) and tobacco (13.7 percent) slowed and energy cost plunged (-8 percent vs -7.1 percent). Meanwhile, inflation for food was stable (0.9 percent) and manufactured products declined 0.2 percent, the same as in August. On a monthly basis, consumer prices went down 0.5 percent, in line with the preliminary estimate, and the biggest monthly drop since January of 2016. The harmonized index was unchanged on a yearly basis and the monthly one fell 0.6 percent.
Published on 2020-10-15