The inflation rate in France increased to 0.8 percent in July of 2020 from 0.2 percent in June, beating market forecasts of 0.3 percent, preliminary estimates showed. It is the highest reading since February as the economy tries to recover form the coronavirus pandemic. There was a rebound in cost of manufactured products (1.8 percent vs -1 percent), linked to the lag in summer sales, and energy prices fell less (-7.4 percent vs -9.3 percent). In contrast, prices of food (1.1 percent vs 2.6 percent), services (1 percent vs 1.1 percent) and tobacco (13.8 percent vs 13.9 percent) slowed. On a monthly basis, consumer prices went up 0.4 percent after a 0.1 percent rise in June.

Inflation Rate in France averaged 4.31 percent from 1958 until 2020, reaching an all time high of 18.80 percent in April of 1958 and a record low of -0.70 percent in July of 2009. This page provides the latest reported value for - France Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: INSEE, France

Inflation Rate in France is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in France to stand at 1.00 in 12 months time. In the long-term, the France Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.60 percent in 2022, according to our econometric models.

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France Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.20 18.80 -0.70 1958 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-12 06:45 AM Inflation Rate YoY Final May 0.4% 0.3% 0.2% 0.2%
2020-06-30 06:45 AM Inflation Rate YoY Prel Jun 0.1% 0.4% -0.2%
2020-07-16 06:45 AM Inflation Rate YoY Final Jun 0.2% 0.4% 0.1% 0.1%
2020-07-31 06:45 AM Inflation Rate YoY Prel Jul 0.8% 0.2% 0.3% 0.2%
2020-08-14 06:45 AM Inflation Rate YoY Final Jul 0.2% 0.8% 0.8%
2020-08-28 06:45 AM Inflation Rate YoY Prel Aug
2020-09-11 06:45 AM Inflation Rate YoY Final Aug
2020-09-28 06:45 AM Inflation Rate YoY Prel Sep -0.1%


News Stream
France Inflation Rate Highest in 5 Months
The inflation rate in France increased to 0.8 percent in July of 2020 from 0.2 percent in June, beating market forecasts of 0.3 percent, preliminary estimates showed. It is the highest reading since February as the economy tries to recover form the coronavirus pandemic. There was a rebound in cost of manufactured products (1.8 percent vs -1 percent), linked to the lag in summer sales, and energy prices fell less (-7.4 percent vs -9.3 percent). In contrast, prices of food (1.1 percent vs 2.6 percent), services (1 percent vs 1.1 percent) and tobacco (13.8 percent vs 13.9 percent) slowed. On a monthly basis, consumer prices went up 0.4 percent after a 0.1 percent rise in June.
2020-07-31
France Inflation Rate Revised Up to 0.2%
Annual inflation rate in France was revised higher to 0.2 percent in June of 2020 from a preliminary of 0.1 percent. Still, it is the lowest reading since August of 2016 and compares to 0.4 percent in the previous month. The lowest rate compared to May was mainly due to a slowdown in cost of services (1.1 percent vs 1.2 percent in May) and food (2.6 percent vs 3.5 percent) and a sharper drop in manufactured product prices (-1 percent vs -0.7 percent). In contrast, energy prices fell less (-9.3 percent vs -11 percent) and tobacco prices rose at the same pace as in the previous month (13.9 percent). On a monthly basis, consumer prices increased 0.1 percent, the same as in the previous period and compared to preliminary estimates of a 0.1 percent fall. The harmonized index also rose 0.2 percent on the year and 0.1 percent on the month.
2020-07-16
France Inflation Rate Lowest since 2016
Annual inflation rate in France is expected to slow to 0.1 percent in June of 2020 from 0.4 percent in May, reaching the lowest reading since deflation in 2016, preliminary estimates showed. The country started lifting its coronavirus restrictive measures on May 11th. Cost of services and food slowed and prices of manufactured products fell sharply. In contrast, energy prices should drop less than in May and tobacco prices are seen increasing at the same pace as in the previous month. On a month-over-month basis, consumer prices went down 0.1 percent after a 0.1 percent rise in May. The harmonized inflation is expected to slow to 0.1 percent from 0.4 percent and the monthly rate to fall to -0.1 percent from 0.2 percent.
2020-06-30
France Inflation Rate Revised Higher to 0.4%
Annual inflation rate in France was revised higher to 0.4 percent in May of 2020 from a preliminary of 0.2 percent and after a 0.3 percent rate in April. The slight increase in inflation came from higher prices of services (1.2 percent vs 0.6 percent in April) and tobacco (13.9 percent vs 13.7 percent) which were partly offset by a further decline in cost of energy (-11 percent vs -8.6 percent) and manufactured goods (-0.7 percent vs -0.5 percent) and a slowdown prices of food products (3.5 percent vs 3.7 percent). On a monthly basis, consumer prices edged up 0.1 percent, compared to initial estimates of a flat reading. The country started to slowly lift the 8-week coronavirus lockdown from mid-May. The harmonized index increased 0.2 percent on the month and 0.4 percent on the year, also higher than initial estimates of a flat reading and 0.2 percent respectively.
2020-06-12

France Inflation Rate
In France, the most important category in the consumer price index is services (48 percent of total weight), in particular actual rentals and services for dwellings (7 percent), health services (6 percent), transport (3 percent), and communication (2 percent). The index also includes: manufactured products (26 percent) such as medical products (4 percent) and clothing and footwear (4 percent); food (16 percent); energy (8 percent) such as petroleum products (4 percent); and tobacco (2 percent).