The inflation rate in France increased to 0.8 percent in July of 2020 from 0.2 percent in June, beating market forecasts of 0.3 percent, preliminary estimates showed. It is the highest reading since February as the economy tries to recover form the coronavirus pandemic. There was a rebound in cost of manufactured products (1.8 percent vs -1 percent), linked to the lag in summer sales, and energy prices fell less (-7.4 percent vs -9.3 percent). In contrast, prices of food (1.1 percent vs 2.6 percent), services (1 percent vs 1.1 percent) and tobacco (13.8 percent vs 13.9 percent) slowed. On a monthly basis, consumer prices went up 0.4 percent after a 0.1 percent rise in June.
Inflation Rate in France averaged 4.31 percent from 1958 until 2020, 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 August of 2020. source: INSEE, France
Inflation Rate in France is expected to be -0.10 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 1.00 in 12 months time. In the long-term, the France Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.60 percent in 2022, according to our econometric models.