The annual inflation rate in France stood at 2.2 percent in October of 2018, the same as in the previous month and below market expectations of 2.6 percent, a preliminary estimate showed. An increase in energy and services prices was offset by a slowdown in fresh food prices and a larger drop in cost of manufactured products. Inflation Rate in France averaged 4.41 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.

France Inflation Rate
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France Inflation Rate Unchanged in October


The annual inflation rate in France stood at 2.2 percent in October of 2018, the same as in the previous month and below market expectations of 2.6 percent, a preliminary estimate showed. An increase in energy and services prices was offset by a slowdown in fresh food prices and a larger drop in cost of manufactured products.

Year-on-year, energy prices are set to advance further to 13.8 percent in October from 12.8 percent in September and services inflation should increase to 1.2 percent from 1.1 percent in the prior month. On the other hand, food inflation is expected to slow to 2.2 percent, compared with 2.8 percent in September, mainly due to lower prices of fresh food (6.9 percent from 11.2 percent). Also, prices are set to ease slightly for tobacco (16.7 percent from 16.8 percent) and cost should decline more for manufactured products (-0.4 percent from -0.2 percent).

On a monthly basis, consumer prices are expected to rise by 0.1 percent in October, recovering from a 0.2 percent fall in September and matching market consensus. The increase should mainly be due to higher energy prices. Meanwhile, inflation should be steady for manufactured products while food prices are set to edge down, due to lower fresh food prices. Services prices should drop markedly less than in the previous month. 

The harmonised index of consumer prices is expected to rise by 2.5 percent from the previous year, the same as in the previous month; and by 0.1 percent month-over-month (vs -0.2 percent in September).


Insee | Agna Gabriel | agna.gabriel@tradingeconomics.com
10/31/2018 8:22:51 AM


Recent Releases

France Inflation Rate Confirmed at 2.2% in September
France's annual inflation rate fell to 2.2 percent in September 2018 from a 2.3 percent near 6-1/2 year high in August, unchanged from the preliminary estimate, and in line with market expectations. Inflation slowed for both services and energy, while manufactured products deflation deepened.
Published on 2018-10-11

French Inflation Rate Slows to 2.2% in September
The French consumer price inflation is set to ease to 2.2 percent year-on-year in September 2018 from the previous month's near 6-1/2-year high of 2.3 percent, a preliminary estimate showed.
Published on 2018-09-28

France Inflation Rate Confirmed at 2.3% in August
France's annual inflation rate stood at 2.3 percent in August 2018, unchanged from the preliminary estimate and the same as in the previous month. It remained the highest inflation rate since May of 2016, when prices showed no growth. Inflation was steady for services and tobacco.
Published on 2018-09-13

French Inflation Rate Unchanged at Near 6-1/2-Year High
The French consumer price inflation is set to remain at 2.3 percent year-on-year in August 2018, unchanged from the previous month's near 6-1/2-year high, a preliminary estimate showed. A slowdown in energy inflation was offset by a further increase in food prices.
Published on 2018-08-31



Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 06:45 AM Inflation Rate YoY Prel 2.2% 2.3% 2.2%
2018-10-11 06:45 AM Inflation Rate YoY Final 2.2% 2.3% 2.2% 2.2%
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%
2018-11-30 07:45 AM Inflation Rate YoY Prel 2%
2018-12-13 07:45 AM Inflation Rate YoY Final


France Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 2.20 18.80 -0.70 percent [+]
Inflation Rate Mom 0.10 -0.20 1.00 -1.00 percent [+]
Consumer Price Index CPI 103.67 103.56 103.78 66.40 Index Points [+]
Harmonised Consumer Prices 104.24 104.12 104.38 65.64 Index Points [+]
Core Consumer Prices 101.89 102.08 102.08 69.30 Index Points [+]
Core Inflation Rate 0.70 0.90 4.00 -0.20 percent [+]
Producer Prices 103.40 103.10 103.40 96.50 Index Points [+]
Producer Prices Change 3.60 3.70 7.30 -7.60 percent [+]
Export Prices 116.60 116.20 120.60 87.20 Index Points [+]
Import Prices 102.30 102.20 122.60 86.60 Index Points [+]
Food Inflation 2.80 2.20 6.50 -1.50 percent [+]
CPI Housing Utilities 104.10 103.84 104.10 52.61 Index Points [+]
CPI Transportation 106.58 108.43 108.43 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 November of 2018.

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




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


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