France's annual inflation rate was confirmed at 1.3 percent in February 2019, slightly above an 11-month low of 1.2 percent in the previous month. Energy and food prices increased at a faster pace, while service inflation slowed and prices of manufactured prices continued to fall. 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 1.20 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 1.70 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
2019-01-31 07:45 AM Inflation Rate YoY Prel 1.2% 1.6% 1.4%
2019-02-21 07:45 AM Inflation Rate YoY Final 1.2% 1.6% 1.2% 1.2%
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 1.3% 1.2%
2019-04-11 06:45 AM Inflation Rate YoY Final 1.3%
2019-04-30 06:45 AM Inflation Rate YoY Prel



French February Inflation Rate Confirmed at 1.3%

France's annual inflation rate was confirmed at 1.3 percent in February 2019, slightly above an 11-month low of 1.2 percent in the previous month.

Energy prices rose 3.2 percent from a year earlier in February, faster than 1.9 percent in the previous month, with petroleum products prices increasing by 3.2 percent (vs 0.2 percent in January). Also, food prices went up 3.1 percent, compared to a 2.7 percent advance in January, of which fresh food (8.3 percent vs 8.4 percent) and other food (2.1 percent vs 1.7 percent). Meanwhile, inflation was unchanged for tobacco (at 14 percent) and slowed for services (0.9 percent vs 1 percent), as cost increased at a softer rate for both health services (0.1 percent vs 0.2 percent) and other services (1.7 percent vs 1.9 percent). Also within services, declines were seen in prices for communication (-3.1 percent, the same as in January), transport (-0.5 percent vs -0.1 percent) and actual rentals and services for dwellings (-0.2 percent vs -0.4 percent). In addition, manufactured products costs continued to drop (-0.8 percent vs -0.4 percent), with decreases recorded for medical products (-4.9 percent vs -2.8 percent) and other manufactured products (-0.2 percent vs -0.1 percent).

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures stood at 0.7 percent in February, the same as in January.  

On a monthly basis, consumer prices were unchanged in February after falling 0.4 percent in January. The rebound in energy prices (1.3 percent vs -1.2 percent) was offset by a decline in fresh food prices (-1.3 percent vs 2.4 percent) and the lesser drop in manufactured product prices (-0.4 percent vs -2.1 percent). At last, the prices of services were stable in February.

The harmonised index of consumer prices rose by 1.6 percent from the previous year (vs 1.4 percent in January) and by 0.1 percent month-over-month (vs -0.6 percent in January).


INSEE | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/14/2019 8:20:33 AM



France Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.20 18.80 -0.70 percent [+]
Inflation Rate Mom 0.00 -0.40 1.00 -1.00 percent [+]
Consumer Price Index CPI 103.06 103.01 103.78 66.40 Index Points [+]
Harmonised Consumer Prices 103.64 103.52 104.35 65.64 Index Points [+]
Core Consumer Prices 102.22 102.52 102.52 69.30 Index Points [+]
Core Inflation Rate 0.70 0.70 4.00 -0.20 percent [+]
Producer Prices 103.40 103.30 104.40 96.50 Index Points [+]
Producer Prices Change 1.40 1.30 7.30 -7.60 percent [+]
Export Prices 116.80 116.00 120.60 87.20 Index Points [+]
Import Prices 100.80 100.60 122.60 86.60 Index Points [+]
Food Inflation 3.10 2.70 6.50 -1.50 percent [+]
CPI Housing Utilities 105.04 104.59 105.25 52.61 Index Points [+]
CPI Transportation 106.17 105.18 108.43 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.20 18.80 -0.70 1958 - 2019 percent Monthly
2015=100, NSA




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.50 Feb/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Feb/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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