France's inflation rate stood at 1.9 percent in November 2018, unrevised from the preliminary estimate and below October's final reading of 2.2 percent. It was the lowest inflation rate since April, as prices of services, energy, food and tobacco rose at a softer pace. Inflation Rate in France averaged 4.40 percent from 1958 until 2018, 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 2.00 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 1.60 in 12 months time. In the long-term, the France Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

France Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-31 07:45 AM Inflation Rate YoY Prel 2.2% 2.2% 2.1%
2018-11-14 07:45 AM Inflation Rate YoY Final 2.2% 2.2% 2.2% 2.2%
2018-11-30 07:45 AM Inflation Rate YoY Prel 1.9% 2.2% 2.3%
2018-12-13 07:45 AM Inflation Rate YoY Final 1.9% 2.2% 1.9% 1.9%
2019-01-04 07:45 AM Inflation Rate YoY Prel 1.9% 2%
2019-01-10 07:45 AM Inflation Rate YoY Final 1.9% 2%
2019-01-31 07:45 AM Inflation Rate YoY Prel



French November Inflation Rate Confirmed at 7-Month Low



France's inflation rate stood at 1.9 percent in November 2018, unrevised from the preliminary estimate and below October's final reading of 2.2 percent. It was the lowest inflation rate since April, as prices of services, energy, food and tobacco rose at a softer pace.

Services inflation eased to 1 percent in November from 1.2 percent in the previous month, with upward pressure coming from health services (unchanged at 0.3 percent), transport (0.3 percent vs 0.5 percent) and other services (2 percent vs 2.1 percent), while declines were seen in communication (-3.6 percent vs -1.9 percent) and actual rentals and services for dwellings (-0.3 percent, the same as in October). Prices also rose at a slower pace for: energy (11.2 percent vs 13.8 percent) such as petroleum products (14.7 percent vs 20.7 percent); food (1.9 percent vs 2.2 percent) such as fresh food (5 percent vs 7 percent) and other food (unchanged at 1.4 percent); and tobacco (14.5 percent vs 16.8 percent).

By contrast, manufactured products prices continued to fall (-0.3 percent vs -0.4 percent), led by declines in costs of medical products (-2.2 percent vs -2.3 percent) and clothing and footwear (-0.1 percent vs flat reading). Meanwhile, other manufactured products prices rose 0.2 percent in November, after being unchanged in the previous month.

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures edged down to 0.7 percent in November from 0.8 percent in October.

On a monthly basis, consumer prices dropped 0.2 percent in November, also unrevised from the preliminary estimate and following a 0.1 percent advance in October. This downturn resulted from that in services prices (-0.3 percent vs flat reading) and in energy prices (-0.7 percent vs 1.8 percent). Food prices dropped by 0.2 percent, as in the previous month, the downturn in fresh food prices being offset by higher prices in other food products. Contrariwise, manufactured product prices rose by 0.1 percent after showing no growth in October.

The harmonised index of consumer prices rose by 2.2 percent from the previous year (vs 2.5 percent in October); and fell by 0.2 percent month-over-month (vs 0.1 percent in October).


INSEE | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/13/2018 8:16:22 AM



France Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 2.20 18.80 -0.70 percent [+]
Inflation Rate Mom -0.20 0.10 1.00 -1.00 percent [+]
Consumer Price Index CPI 103.45 103.67 103.78 66.40 Index Points [+]
Harmonised Consumer Prices 104.00 104.24 104.35 65.64 Index Points [+]
Core Consumer Prices 101.96 101.96 102.08 69.30 Index Points [+]
Core Inflation Rate 0.70 0.80 4.00 -0.20 percent [+]
Producer Prices 103.90 103.50 103.90 96.50 Index Points [+]
Producer Prices Change 3.90 3.70 7.30 -7.60 percent [+]
Export Prices 117.30 116.70 120.60 87.20 Index Points [+]
Import Prices 103.90 103.10 122.60 86.60 Index Points [+]
Food Inflation 1.90 2.20 6.50 -1.50 percent [+]
CPI Housing Utilities 105.25 104.70 105.25 52.61 Index Points [+]
CPI Transportation 106.20 107.70 108.43 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.20 18.80 -0.70 1958 - 2018 percent Monthly
2015=100, NSA




Country Last Previous
Argentina 48.00 Nov/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 1.90 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.60 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.20 Nov/18


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