France's annual inflation rate fell to 1.0 percent in August of 2019 from 1.1 percent in the prior month and below an initial estimate of 1.1 percent. It was the lowest inflation rate since May, reflecting a drop in manufactured product prices. Inflation Rate in France averaged 4.36 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 0.90 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 1.30 in 12 months time. In the long-term, the France Inflation Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.

France Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-31 06:45 AM Inflation Rate YoY Prel Jul 1.1% 1.2% 1.4%
2019-08-14 06:45 AM Inflation Rate YoY Final Jul 1.1% 1.2% 1.1% 1.1%
2019-08-30 06:45 AM Inflation Rate YoY Prel Aug 1.1% 1.1% 1% 1.2%
2019-09-12 06:45 AM Inflation Rate YoY Final Aug 1.0% 1.1% 1.1% 1.1%
2019-09-27 06:45 AM Inflation Rate YoY Prel Sep 1.0% 0.9%
2019-10-15 06:45 AM Inflation Rate YoY Final Sep 1.0%
2019-10-31 07:45 AM Inflation Rate YoY Prel Oct



French August Inflation Rate Slows Faster than Expected

France's annual inflation rate fell to 1.0 percent in August of 2019 from 1.1 percent in the prior month and below an initial estimate of 1.1 percent. It was the lowest inflation rate since May, reflecting a drop in manufactured product prices.

Manufactured product cost continued to fall (-0.9 percent vs -0.6 percent in July), driven by a decline in clothing and footwear prices (-1.4 percent vs 0.3 percent). In addition, other manufactured products cost dropped further (-0.4 percent vs -0.3 percent), particularly in new motor cars prices (-1.1 percent vs -0.5 percent). Finally, health cost fell at a softer pace (-2.9 percent vs -3.2 percent). 

On the other hand, food prices advanced faster (3.1 percent vs 3.0 percent), mainly fresh products (8.5 percent vs 6.8 percent) due to an increase in the prices of fresh vegetables (16.8 percent vs 10.6 percent) and a rebound in those of fresh fruits (1.0 percent vs -0.5 percent). Meantime, inflation was steady for energy (at 0.8 percent) and services (at 1.1 percent). 

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures, dropped to 0.7 percent in August from 0.9 percent in the previous month

On a monthly basis, consumer prices increased 0.5 percent in August, after a 0.2 percent fall in July, as manufactured product cost rebounded (0.9 percent vs -2.8 percent in July). Meanwhile, energy prices were stable (vs -1.1 percent) while services prices slowed down (0.4 percent vs 1.0 percent). Additionally, inflation was steady for food (at 0.5 percent). 

The harmonized index of consumer prices increased by 1.3 percent from the previous year, unchanged from July, while it rose by 0.5 percent month-over-month (vs -0.2 percent in July).


INSEE | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
9/12/2019 7:15:15 AM



France Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.10 18.80 -0.70 percent [+]
Inflation Rate Mom 0.50 -0.20 1.00 -1.00 percent [+]
Consumer Price Index CPI 104.86 104.38 104.86 66.40 Index Points [+]
Harmonised Consumer Prices 105.67 105.11 105.67 65.64 Index Points [+]
Core Consumer Prices 102.78 102.87 102.87 69.30 Index Points [+]
Core Inflation Rate 0.70 0.90 4.00 -0.20 percent [+]
Producer Prices 102.70 102.30 104.40 96.50 Index Points [+]
Producer Prices Change 0.00 0.20 7.30 -7.60 percent [+]
Export Prices 116.30 115.80 120.60 87.20 Index Points [+]
Import Prices 101.00 100.90 122.60 86.60 Index Points [+]
Food Inflation 3.10 3.00 6.50 -1.50 percent [+]
CPI Housing Utilities 105.73 105.52 106.01 52.61 Index Points [+]
CPI Transportation 108.73 108.82 108.82 57.10 Index Points [+]


France Inflation Rate

In France, the most important category in the consumer price index is services (48 percent of total weight), in particular actual rentals and services for dwellings (7 percent), health services (6 percent), transport (3 percent), and communication (2 percent). The index also includes: manufactured products (26 percent) such as medical products (4 percent) and clothing and footwear (4 percent); food (16 percent); energy (8 percent) such as petroleum products (4 percent); and tobacco (2 percent). 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.10 18.80 -0.70 1958 - 2019 percent Monthly
2015=100, NSA




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 2.00 Jul/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.50 Jul/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.00 Jul/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 2.10 Jul/19
United States 1.70 Aug/19


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