France's annual inflation rate was confirmed at 1.1 percent in March 2019, the lowest since October 2017 and below February's 1.3 percent, as prices rose at a softer pace for services, food and tobacco, while manufactured products prices fell further. Still, a pick up was seen in energy inflation. Inflation Rate in France averaged 4.39 percent from 1958 until 2019, 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.

Inflation Rate in France is expected to be 1.50 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 1.80 in 12 months time. In the long-term, the France Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

France Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 07:45 AM Inflation Rate YoY Prel 1.3% 1.2% 1.6%
2019-03-14 07:45 AM Inflation Rate YoY Final 1.3% 1.2% 1.3% 1.3%
2019-03-29 07:45 AM Inflation Rate YoY Prel 1.1% 1.3% 1.2%
2019-04-11 06:45 AM Inflation Rate YoY Final 1.1% 1.3% 1.1% 1.1%
2019-04-30 06:45 AM Inflation Rate YoY Prel 1.1% 1.2%
2019-05-15 06:45 AM Inflation Rate YoY Final 1.1%
2019-05-29 06:45 AM Inflation Rate YoY Prel



French March Inflation Rate Confirmed at 17-Month Low

France's annual inflation rate was confirmed at 1.1 percent in March 2019, the lowest since October 2017 and below February's 1.3 percent.

Prices rose at a softer pace for: services (0.6 percent vs 0.9 percent in February), led by slowing cost growth of other services (1.4 percent vs 1.7 percent) and declines in prices of communication (-3.3 percent vs -3.1 percent), transport (-0.9 percent vs -0.5 percent) and health services (-0.2 percent vs 0.1 percent); food (2.5 percent vs 3.1 percent) due to fresh food (4.2 percent vs 8.3 percent); and tobacco (8.1 percent vs 14 percent). In addition, manufactured products continued to fall (-0.6 percent vs -0.5 percent) on the back of lower costs of medical products (-2.7 percent vs -3 percent), clothing and footwear (-0.3 percent vs 0.8 percent) and other manufactured products (-0.1 percent vs -0.2 percent).

Energy inflation, however, accelerated to 5.1 percent from 3.2 percent in the previous month, boosted by petroleum cost (6 percent vs 3.2 percent).

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures, eased to 0.5 percent in March from 0.7 percent in February.  

On a monthly basis, consumer prices surged 0.8 percent in March after being unchanged in February. The rebound in manufactured product prices (2.1 percent vs -0.4 percent) and the increase in those of services (0.2 percent vs unchanged) and tobacco (7.3 percent vs unchanged) were slightly attenuated by a slowdown in energy prices (1.1 percent vs 1.3 percent) and a downturn in food prices (-0.2 percent vs 0.2 percent).

The harmonised index of consumer prices rose by 1.3 percent from the previous year (vs 1.6 percent in February) and by 0.9 percent month-over-month (vs 0.1 percent in February).


INSEE | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/11/2019 8:53:35 AM



France Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.30 18.80 -0.70 percent [+]
Inflation Rate Mom 0.80 0.00 1.00 -1.00 percent [+]
Consumer Price Index CPI 103.89 103.06 103.89 66.40 Index Points [+]
Harmonised Consumer Prices 104.55 103.64 104.55 65.64 Index Points [+]
Core Consumer Prices 102.21 102.22 102.52 69.30 Index Points [+]
Core Inflation Rate 0.50 0.70 4.00 -0.20 percent [+]
Producer Prices 104.10 103.70 104.40 96.50 Index Points [+]
Producer Prices Change 2.10 1.70 7.30 -7.60 percent [+]
Export Prices 116.20 116.80 120.60 87.20 Index Points [+]
Import Prices 101.50 100.80 122.60 86.60 Index Points [+]
Food Inflation 2.50 3.10 6.50 -1.50 percent [+]
CPI Housing Utilities 105.20 105.04 105.25 52.61 Index Points [+]
CPI Transportation 106.53 106.17 108.43 57.10 Index Points [+]


France Inflation Rate

In France, the most important categories in the consumer price index are manufactured products excluding clothing and pharmaceuticals (20.6 percent of total weight) and food (16.4 percent). The index also includes: healthcare (10.1 percent); energy (8.7 percent); rentals and real estate services (7.4 percent); transport and communication services (5 percent); clothing and footwear (4.7 percent) and pharmaceuticals (4.6 percent). These weighs are updated annually and express the share of expenditures on a given aggregate as a total of the household consumption expenditures. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.30 18.80 -0.70 1958 - 2019 percent Monthly
2015=100, NSA




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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