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France Inflation Rate Confirmed at 5-Year Low
France’s annual inflation rate eased to 0.3% in January 2026, down from 0.8% in December, confirming preliminary estimates. This marked the lowest reading since December 2020, driven mainly by a sharper fall in energy prices (-7.6% vs -6.8% in December) and deeper declines in manufactured goods (-1.2% vs -0.4%). Price growth also moderated for services (1.7% vs 2.1%) and tobacco (2.7% vs 4.1%). In contrast, food price inflation accelerated to 1.9% from 1.7%, supported by higher prices for fresh vegetables, citrus fruits, and meat. Meanwhile, core inflation fell to 0.7% from 1.1%. On a monthly basis, consumer prices declined 0.3% after rising 0.1% in December, with seasonal discounts in clothing and footwear contributing to the drop. In EU-harmonised terms, inflation slowed to 0.4% year-on-year, while prices fell 0.4% month-on-month.
Published on 2026-02-18

France Inflation Rate Lowest Since 2020
France’s annual inflation rate slowed to 0.3% in January 2026, the lowest since late 2020, down from 0.8% in December and below expectations of 0.6%, according to preliminary estimates. The deceleration was mainly driven by a decline in manufactured goods prices (-1.2% vs -0.4%), largely reflecting price cuts in clothing and footwear. The data collection period covered 18 days of winter sales, up from 13 days in January 2025. Service price inflation also eased (1.8% vs 2.1%), particularly in healthcare, as increases in doctors’ fees were more limited than last year. Energy prices fell at a faster pace (-7.8% vs -6.8%), while tobacco prices rose more slowly due to base effects (2.8% vs 4.1%). By contrast, food price inflation edged slightly higher (1.9% vs 1.7%). On a month-on-month basis, the CPI fell by 0.3%, reversing a 0.1% increase in December and exceeding expectations of a 0.1% decline. Considering the EU-harmonised CPI, prices rose 0.4% on the year and fell 0.4% on the month.
Published on 2026-02-03

France Inflation Rate Lowest Since 2020
France’s annual inflation rate slowed to 0.3% in January 2026, the lowest since late 2020, down from 0.8% in December and below expectations of 0.6%, according to preliminary estimates. The deceleration was mainly driven by a decline in manufactured goods prices (-1.2% vs -0.4%), largely reflecting price cuts in clothing and footwear. The data collection period covered 18 days of winter sales, up from 13 days in January 2025. Service price inflation also eased (1.8% vs 2.1%), particularly in healthcare, as increases in doctors’ fees were more limited than last year. Energy prices fell at a faster pace (-7.8% vs -6.8%), while tobacco prices rose more slowly due to base effects (2.8% vs 4.1%). By contrast, food price inflation edged slightly higher (1.9% vs 1.7%). On a month-on-month basis, the CPI fell by 0.3%, reversing a 0.1% increase in December and exceeding expectations of a 0.1% decline. Considering the EU-harmonised CPI, prices rose 0.4% on the year and fell 0.4% on the month.
Published on 2026-02-03

France Inflation Rate Confirmed at 0.8%
France’s annual inflation rate eased to 0.8% in December 2025, its lowest level in seven months, down from 0.9% in each of the previous two months and in line with the preliminary estimate. The modest slowdown was primarily driven by a sharper year-on-year decline in energy prices (-6.8% vs -4.6%). Service price inflation also moderated slightly (+2.1% vs +2.2%). In contrast, food price inflation accelerated (+1.7% vs +1.4%), while prices of manufactured goods fell at a less pronounced pace (-0.4% vs -0.6%). Tobacco prices continued to rise at an unchanged annual rate of +4.1%. Meanwhile, core inflation edged up to 1.1% from 1.0%. On a monthly basis, consumer prices increased by 0.1%, rebounding from a 0.2% decline in November. In EU-harmonised terms, inflation slowed to 0.7% year on year, while prices rose by 0.1% month-over-month, in line with the initial reading.
Published on 2026-01-15

France Inflation Rate Unexpectedly Slows
France’s annual inflation rate fell to 0.8% in December 2025, its lowest level in seven months, down from 0.9% in each of the previous two months and below expectations of 0.9%, according to preliminary estimates. The easing in inflation was mainly driven by a sharper decline in energy prices (-6.8% vs -4.6%), particularly for petroleum products. By contrast, food price inflation accelerated (1.7% vs 1.4%), largely reflecting higher prices for fresh products. Prices of manufactured goods continued to decline, albeit at a slower pace (-0.4% vs -0.6%), while inflation in services (2.2%) and tobacco (4.1%) remained unchanged. On a month-on-month basis, consumer prices edged up by 0.1% after a 0.2% decline in November, undershooting expectations of a 0.2% increase. The rise was driven by a seasonal rebound in service prices, particularly in transport. In EU-harmonised terms, inflation fell to 0.7% year on year, below forecasts of 0.8%, while prices rose by 0.1% month-over-month.
Published on 2026-01-06

France Inflation Rate Unexpectedly Slows
France’s annual inflation rate fell to 0.8% in December 2025, its lowest level in seven months, down from 0.9% in each of the previous two months and below expectations of 0.9%, according to preliminary estimates. The easing in inflation was mainly driven by a sharper decline in energy prices (-6.8% vs -4.6%), particularly for petroleum products. By contrast, food price inflation accelerated (1.7% vs 1.4%), largely reflecting higher prices for fresh products. Prices of manufactured goods continued to decline, albeit at a slower pace (-0.4% vs -0.6%), while inflation in services (2.2%) and tobacco (4.1%) remained unchanged. On a month-on-month basis, consumer prices edged up by 0.1% after a 0.2% decline in November, undershooting expectations of a 0.2% increase. The rise was driven by a seasonal rebound in service prices, particularly in transport. In EU-harmonised terms, inflation fell to 0.7% year on year, below forecasts of 0.8%, while prices rose by 0.1% month-over-month.
Published on 2026-01-06

France Inflation Rate Confirmed at 0.9%
France’s annual inflation rate stood at 0.9% in November 2025, unchanged from October and in line with the preliminary estimate. There was a slowdown in service prices (+2.2% after +2.4%), notably in accommodation services (0.8%), in various services related to private vehicles (2.2%), and in vehicle maintenance and repair (2.4%). Manufactured goods prices posted a slightly sharper decline (-0.6%), driven mainly by lower prices for large household appliances (-3.3%) and for games, toys and hobbies (-1%). In contrast, energy prices fell at a slower pace (-4.6%) and food inflation ticked up slightly (1.4%), with notable increases in meat (2.5%), sugar, jam, honey, chocolate (5.3%), non-alcoholic beverages (9.5%), and milk, cheese and eggs (0.8%). Tobacco prices continued to rise at 4.1%. On a monthly basis, the CPI fell by 0.2%, slightly more than the initial estimate of a 0.1% decline. The EU-harmonised CPI rose 0.8% year-on-year and decreased 0.2% from the previous month.
Published on 2025-12-12

France’s Inflation Stalls at 0.9%
France’s annual inflation rate held steady at 0.9% in November 2025, unchanged from October and below the 1% forecast, according to preliminary estimates. There was a slowdown in service prices (2.2% vs 2.4%), mainly due to lower communication service costs, as well as a sharper decline in manufactured goods prices (-0.6% vs -0.5%). These effects were partially offset by a smaller drop in energy prices (-4.6% vs -5.6%) and a slight acceleration in food inflation (1.4% vs 1.3%). Tobacco prices are expected to increase by 4.1%, the same rate as in October. On a monthly basis, the CPI fell by 0.1%, after a 0.1% rise in October, mainly due to lower service prices, particularly in transportation and communication, and, to a lesser extent, lower manufactured goods prices. Meanwhile, the EU-harmonised CPI rose 0.87% year-on-year, matching October’s rate and remaining below the 1% forecast. It decreased by 0.2% from the previous month, following a 0.1% increase in October.
Published on 2025-11-28

France’s Inflation Stalls at 0.9%
France’s annual inflation rate held steady at 0.9% in November 2025, unchanged from October and below the 1% forecast, according to preliminary estimates. There was a slowdown in service prices (2.2% vs 2.4%), mainly due to lower communication service costs, as well as a sharper decline in manufactured goods prices (-0.6% vs -0.5%). These effects were partially offset by a smaller drop in energy prices (-4.6% vs -5.6%) and a slight acceleration in food inflation (1.4% vs 1.3%). Tobacco prices are expected to increase by 4.1%, the same rate as in October. On a monthly basis, the CPI fell by 0.1%, after a 0.1% rise in October, mainly due to lower service prices, particularly in transportation and communication, and, to a lesser extent, lower manufactured goods prices. Meanwhile, the EU-harmonised CPI rose 0.87% year-on-year, matching October’s rate and remaining below the 1% forecast. It decreased by 0.2% from the previous month, following a 0.1% increase in October.
Published on 2025-11-28

France Inflation Rate Revised Lower
The annual inflation rate in France was revised lower to 0.9% in October 2024 from a preliminary estimate of 1% and compared to 1.2% in September. Prices fell at a sharer pace for energy (-5.6% vs -4.4%), namely petrol (-1.9% vs -0.4%) and electricity (-13.8% vs -13.7%) while gas prices have slowed sharply (1.1% vs 6.4%). Prices also decreased more for manufactured goods (-0.5% vs -0.4%) and rose less for food (+1.3% vs +1.7%), due to fresh vegetables (-7.3% vs +2.6%). Also, service prices increased at the same pace as in the previous month (+2.4%), the same as tobacco (+4.1%). Compared to September, the CPI edged up 0.1%, following a 1% drop.
Published on 2025-11-14

France Inflation Rate Revised Lower
The annual inflation rate in France was revised lower to 0.9% in October 2024 from a preliminary estimate of 1% and compared to 1.2% in September. Prices fell at a sharer pace for energy (-5.6% vs -4.4%), namely petrol (-1.9% vs -0.4%) and electricity (-13.8% vs -13.7%) while gas prices have slowed sharply (1.1% vs 6.4%). Prices also decreased more for manufactured goods (-0.5% vs -0.4%) and rose less for food (+1.3% vs +1.7%). Also, service prices increased at the same pace as the previous month (+2.4%), as well as tobacco (+4.1%). Compared to September, the CPI edged up 0.1%, following a 1% drop.
Published on 2025-11-14

France Inflation Rate Revised Lower
The annual inflation rate in France was revised lower to 0.9% in October 2024 from a preliminary estimate of 1% and compared to 1.2% in September. Prices fell at a sharer pace for energy (-5.6% vs -4.4%), namely petrol (-1.9% vs -0.4%) and electricity (-13.8% vs -13.7%) while gas prices have slowed sharply (1.1% vs 6.4%). Prices also decreased more for manufactured goods (-0.5% vs -0.4%) and rose less for food (+1.3% vs +1.7%), due to fresh vegetables (-7.3% vs +2.6%). Also, service prices increased at the same pace as in the previous month (+2.4%), the same as tobacco (+4.1%). Compared to September, the CPI edged up 0.1%, following a 1% drop. Meanwhile, annual core inflation slowed to 1.2% from 1.3%.
Published on 2025-11-14

France Inflation Rate Slows More than Expected
The annual inflation rate in France eased to 1% in October 2025, down from 1.2% in September and below expectations of 1.1%, according to preliminary estimates. The slowdown was mainly driven by a sharper decline in energy prices (-5.6% vs -4.4% in September), reflecting lower gas and petroleum product costs, along with a moderation in food inflation (1.3% vs 1.7%). The cost of services (+2.4%) and tobacco prices (+4.1%) rose at the same pace as in September, while manufactured goods prices fell slightly faster (-0.5% vs -0.4%). On a monthly basis, the CPI edged up 0.1%, following a 1.0% drop in September, in line with forecasts, largely reflecting higher prices for services and manufactured goods. Based on the EU-harmonised index, annual inflation eased to 0.9%, below both 1.1% in September and market expectations of 1%, while the index rose 0.1% month-on-month after a 1.1% decline in the previous period, also matching forecasts.
Published on 2025-10-31

France Inflation Rate Slows More than Expected
The annual inflation rate in France eased to 1% in October 2025, down from 1.2% in September and below expectations of 1.1%, according to preliminary estimates. The slowdown was mainly driven by a sharper decline in energy prices (-5.6% vs -4.4% in September), reflecting lower gas and petroleum product costs, along with a moderation in food inflation (1.3% vs 1.7%). The cost of services (+2.4%) and tobacco prices (+4.1%) rose at the same pace as in September, while manufactured goods prices fell slightly faster (-0.5% vs -0.4%). On a monthly basis, the CPI edged up 0.1%, following a 1.0% drop in September, in line with forecasts, largely reflecting higher prices for services and manufactured goods. Based on the EU-harmonised index, annual inflation eased to 0.9%, below both 1.1% in September and market expectations of 1%, while the index rose 0.1% month-on-month after a 1.1% decline in the previous period, also matching forecasts.
Published on 2025-10-31

France Inflation Rate Confirmed at 1.2%
The annual inflation rate in France accelerated to 1.2% in September 2025, the highest in eight months, compared to 0.9% in August and in line with preliminary estimates. Faster increases were seen in cost for services (2.4% vs 2.1%), mostly health (2.6% vs 1.6%) and communication (-1.4% vs -10.2%); food (1.7% vs 1.6%); and tobacco (4.1% vs 4%). Also, the decline in energy prices was less pronounced (-4.4% vs -6.2%), with petroleum product prices edging up (+0.2% vs -3.6%), amid a smaller decline in gasoline prices (-0.4% vs-5.1%) and liquid fuels (-2.7% vs -3.4%), as well as a rebound in diesel prices (+0.7% vs -2.9%). In contrast, the decrease in manufactured goods prices deepened slightly (-0.4% vs -0.3%). Meanwhile, annual core inflation edged up to 1.3% from 1.2%. Compared to the previous month, the CPI fell 1%, the most in a year, mainly due to the seasonal drop in service prices (-1.9% after +0.2%), particularly accommodation and transportation.
Published on 2025-10-15

France Inflation Accelerates to 1.2%
The annual inflation rate in France accelerated to 1.2% in September 2025 from 0.9% in August, its highest level since January but slightly below the expected 1.3%, preliminary estimates showed. The pickup was largely driven by higher services inflation (2.4% vs 2.1%), reflecting a smaller decline in communication costs and rising health service prices. Energy costs also fell at a slower pace (-4.5% vs -6.2%) due to a base effect from petroleum products, while food (1.7% vs 1.6%) and tobacco (4.1% vs 4.0%) saw slight accelerations. In contrast, manufactured goods prices declined marginally faster (-0.4% vs -0.3%). On a monthly basis, consumer prices dropped 1% after a 0.4% rise in August, the sharpest fall since September 2024, mainly reflecting seasonal declines in transport, particularly airfares, and accommodation services. Meanwhile, the harmonized inflation rate quickened to 1.1% from 0.8% year-on-year, while prices fell 1.1% month-on-month after a 0.5% increase in August.
Published on 2025-09-30

France Inflation Accelerates to 1.2%
The annual inflation rate in France accelerated to 1.2% in September 2025 from 0.9% in August, its highest level since January but slightly below the expected 1.3%, preliminary estimates showed. The pickup was largely driven by higher services inflation (2.4% vs 2.1% in August), reflecting a smaller decline in communication costs and rising health service prices. Energy costs also fell at a slower pace (-4.5% vs -6.2%) due to a base effect from petroleum products, while food (1.7% vs 1.6%) and tobacco (4.1% vs 4.0%) saw slight accelerations. In contrast, manufactured goods prices declined marginally faster (-0.4% vs -0.3%). On a monthly basis, consumer prices dropped 1% after a 0.4% rise in August, the sharpest fall since September 2024, mainly reflecting seasonal declines in transport, particularly airfares, and accommodation services. Meanwhile, the harmonized inflation rate quickened to 1.1% from 0.8% year-on-year, while prices fell 1.1% month-on-month after a 0.5% increase.
Published on 2025-09-30

France Inflation Accelerates to 1.2%
The annual inflation rate in France accelerated to 1.2% in September 2025 from 0.9% in August, its highest level since January but slightly below the expected 1.3%, preliminary estimates showed. The pickup was largely driven by higher services inflation (2.4% vs 2.1% in August), reflecting a smaller decline in communication costs and rising health service prices. Energy costs also fell at a slower pace (-4.5% vs -6.2%) due to a base effect from petroleum products, while food (1.7% vs 1.6%) and tobacco (4.1% vs 4.0%) saw slight accelerations. In contrast, manufactured goods prices declined marginally faster (-0.4% vs -0.3%). On a monthly basis, consumer prices dropped 1% after a 0.4% rise in August, the sharpest fall since September 2024, mainly reflecting seasonal declines in transport, particularly airfares, and accommodation services. Meanwhile, the harmonized inflation rate quickened to 1.1% from 0.8% year-on-year, while prices fell 1.1% month-on-month after a 0.5% increase.
Published on 2025-09-30

France August Inflation Confirmed at 0.9%
The annual inflation rate in France slowed to 0.9% in August 2025 from 1% in July, confirming preliminary estimates. The moderation was mainly due to slower growth in services prices (2.1% vs 2.5%), alongside a slightly larger drop in manufactured goods prices (-0.3% vs -0.2%). Energy prices fell at a more moderate pace (-6.2% vs -7.2%), while food (1.6%) and tobacco (4.0%) prices rose at the same rate as in July. On a monthly basis, consumer prices increased 0.4%, in line with initial data and up from a 0.2% gain in July. This was driven by a rebound in manufactured goods prices (1.3% vs -2.4%), notably clothing and footwear (5.6% vs -9.3%) following the end of summer sales, and a modest rise in services prices (0.2% vs 1.3%). Food prices also rose 0.3% after remaining stable. Meanwhile, the annual harmonized inflation rate slowed to 0.8% from 0.9% in July, while the monthly HICP rose 0.5%, up from 0.3%.
Published on 2025-09-12

France Inflation Rate Slows to 0.9%
France’s annual inflation rate eased to 0.9% in August 2025, below market expectations of holding steady at July’s 1%, according to a preliminary estimate. The slowdown was mainly driven by softer services inflation (2.1% vs 2.5% in July), particularly in transport, while manufactured goods prices fell slightly faster (-0.3% vs -0.2%). Meanwhile, the decline in energy costs moderated (-6.2% vs -7.2%), food inflation remained steady (1.6%), and tobacco prices were unchanged (4%). On a monthly basis, consumer prices rose 0.4%, accelerating from a 0.2% gain in July, supported by a seasonal rebound in clothing prices after summer sales, alongside smaller increases in food and services, while energy slipped slightly. The annual harmonized inflation rate slowed to 0.8% from 0.9%, and the monthly HICP rose 0.5% after 0.3% previously.
Published on 2025-08-29