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. source: INSEE, France

Inflation Rate in France decreased to 0.30 percent in January from 0.80 percent in December of 2025. Inflation Rate in France averaged 4.18 percent from 1958 until 2026, 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 February of 2026.

Inflation Rate in France decreased to 0.30 percent in January from 0.80 percent in December of 2025. Inflation Rate in France is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Inflation Rate is projected to trend around 2.10 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-15 07:45 AM
Inflation Rate YoY Final
Dec 0.8% 0.9% 0.8% 0.8%
2026-02-03 07:45 AM
Inflation Rate YoY Prel
Jan 0.3% 0.8% 0.6% 0.7%
2026-02-18 07:45 AM
Inflation Rate YoY Final
Jan 0.8% 0.3% 0.3%

Components Last Previous Unit Reference
Energy Inflation -7.80 -6.80 percent Jan 2026
Food Inflation 1.90 1.70 percent Jan 2026
Services Inflation 1.80 2.10 percent Jan 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 120.90 120.80 points Dec 2025
Core Consumer Prices 117.87 117.65 points Dec 2025
Core Inflation Rate 1.10 1.00 percent Dec 2025
CPI Housing Utilities 131.53 131.71 points Dec 2025
CPI Transportation 126.59 125.71 points Dec 2025
Harmonised Consumer Prices 99.57 100.00 points Jan 2026
Import Prices of Industrial Products 109.30 109.70 points Dec 2025
Inflation Rate YoY 0.30 0.80 percent Jan 2026
Inflation Rate MoM -0.30 0.10 percent Jan 2026
PPI MoM 0.20 2.80 percent Dec 2025
Producer Prices 123.30 123.00 points Dec 2025
PPI YoY -2.00 -1.50 percent Dec 2025


France Inflation Rate
In France, the most important category in the consumer price index is services (48 percent of total weight), in particular rents, water and garbage collection (8 percent), health services (7 percent), transport (2 percent), and communication (2 percent). The index also includes: manufactured products (24 percent) such as medical products (4 percent) and clothing and footwear (3 percent); food (16 percent); energy (9 percent) such as petroleum products (4 percent); and tobacco (2 percent).
Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.80 18.80 -0.70 1958 - 2026 percent Monthly
2015=100, NSA

News Stream
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.
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.
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.
2026-01-06