France Inflation Rate

France's inflation rate stood at 1.9 percent in November 2018, unrevised from the preliminary estimate and below October's final reading of 2.2 percent. It was the lowest inflation rate since April, as prices of services, energy, food and tobacco rose at a softer pace. Inflation Rate in France averaged 4.40 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.

Inflation Rate in France is expected to be 2.00 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 1.60 in 12 months time. In the long-term, the France Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
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%	2.2%
2018-11-30	07:45 AM	Inflation Rate YoY Prel	1.9%	2.2%		2.3%
2018-12-13	07:45 AM	Inflation Rate YoY Final	1.9%	2.2%	1.9%	1.9%
2019-01-04	07:45 AM	Inflation Rate YoY Prel		1.9%		2%
2019-01-10	07:45 AM	Inflation Rate YoY Final		1.9%		2%
2019-01-31	07:45 AM	Inflation Rate YoY Prel

French November Inflation Rate Confirmed at 7-Month Low

France's inflation rate stood at 1.9 percent in November 2018, unrevised from the preliminary estimate and below October's final reading of 2.2 percent. It was the lowest inflation rate since April, as prices of services, energy, food and tobacco rose at a softer pace.

Services inflation eased to 1 percent in November from 1.2 percent in the previous month, with upward pressure coming from health services (unchanged at 0.3 percent), transport (0.3 percent vs 0.5 percent) and other services (2 percent vs 2.1 percent), while declines were seen in communication (-3.6 percent vs -1.9 percent) and actual rentals and services for dwellings (-0.3 percent, the same as in October). Prices also rose at a slower pace for: energy (11.2 percent vs 13.8 percent) such as petroleum products (14.7 percent vs 20.7 percent); food (1.9 percent vs 2.2 percent) such as fresh food (5 percent vs 7 percent) and other food (unchanged at 1.4 percent); and tobacco (14.5 percent vs 16.8 percent).

By contrast, manufactured products prices continued to fall (-0.3 percent vs -0.4 percent), led by declines in costs of medical products (-2.2 percent vs -2.3 percent) and clothing and footwear (-0.1 percent vs flat reading). Meanwhile, other manufactured products prices rose 0.2 percent in November, after being unchanged in the previous month.

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures edged down to 0.7 percent in November from 0.8 percent in October.

On a monthly basis, consumer prices dropped 0.2 percent in November, also unrevised from the preliminary estimate and following a 0.1 percent advance in October. This downturn resulted from that in services prices (-0.3 percent vs flat reading) and in energy prices (-0.7 percent vs 1.8 percent). Food prices dropped by 0.2 percent, as in the previous month, the downturn in fresh food prices being offset by higher prices in other food products. Contrariwise, manufactured product prices rose by 0.1 percent after showing no growth in October.

The harmonised index of consumer prices rose by 2.2 percent from the previous year (vs 2.5 percent in October); and fell by 0.2 percent month-over-month (vs 0.1 percent in October).

INSEE | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/13/2018 8:16:22 AM

Recent Releases

French Inflation Rate at 7-Month Low of 1.9% in November
The annual inflation rate in France decreased to 1.9 percent in November of 2018 from 2.2 percent in October, a preliminary estimate showed. It is the lowest inflation rate since April, amid a slowdown in prices of services, energy, food and tobacco. Cost of manufactured products should fall less.
Published on 2018-11-30

France Inflation Rate Confirmed at 2.2% 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 in line with a preliminary estimate. 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.
Published on 2018-11-14

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.
Published on 2018-10-31

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

France Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	1.90	2.20	18.80	-0.70	percent	[+]
Inflation Rate Mom	-0.20	0.10	1.00	-1.00	percent	[+]
Consumer Price Index CPI	103.45	103.67	103.78	66.40	Index Points	[+]
Harmonised Consumer Prices	104.00	104.24	104.35	65.64	Index Points	[+]
Core Consumer Prices	101.96	101.96	102.08	69.30	Index Points	[+]
Core Inflation Rate	0.70	0.80	4.00	-0.20	percent	[+]
Producer Prices	103.90	103.50	103.90	96.50	Index Points	[+]
Producer Prices Change	3.90	3.70	7.30	-7.60	percent	[+]
Export Prices	117.30	116.70	120.60	87.20	Index Points	[+]
Import Prices	103.90	103.10	122.60	86.60	Index Points	[+]
Food Inflation	1.90	2.20	6.50	-1.50	percent	[+]
CPI Housing Utilities	105.25	104.70	105.25	52.61	Index Points	[+]
CPI Transportation	106.20	107.70	108.43	57.10	Index Points	[+]

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 December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.90	2.20	18.80	-0.70	1958 - 2018	percent	Monthly	2015=100, NSA

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Country	Last		Previous	Range
Argentina	48.00	Nov/18	45.5	20263 : -7	%
Australia	1.90	Sep/18	2.1	23.9 : -1.3	%
Brazil	4.05	Nov/18	4.56	6821 : 1.65	%
Canada	2.40	Oct/18	2.2	21.6 : -17.8	%
China	2.20	Nov/18	2.5	28.4 : -2.2	%
Euro Area	1.90	Nov/18	2.2	5 : -0.7	%
France	1.90	Nov/18	2.2	18.8 : -0.7	%
Germany	2.30	Nov/18	2.5	11.54 : -7.62	%
India	2.33	Nov/18	3.38	12.17 : 1.54	%
Indonesia	3.23	Nov/18	3.16	82.4 : -1.17	%
Italy	1.60	Nov/18	1.6	25.64 : -0.6	%
Japan	1.40	Oct/18	1.2	24.9 : -2.5	%
Mexico	4.72	Nov/18	4.9	180 : 2.13	%
Netherlands	2.00	Nov/18	2.1	11.19 : -1.3	%
Russia	3.80	Nov/18	3.5	2333 : 2.2	%
Saudi Arabia	2.40	Oct/18	2.1	11.1 : -2	%
Singapore	0.70	Oct/18	0.7	34 : -3.1	%
South Africa	5.20	Nov/18	5.1	20.7 : 0.2	%
South Korea	2.00	Nov/18	2	32.5 : 0.2	%
Spain	1.70	Nov/18	2.3	28.43 : -1.37	%
Switzerland	0.90	Nov/18	1.1	11.92 : -1.4	%
Turkey	21.62	Nov/18	25.24	139 : -4.01	%
United Kingdom	2.40	Oct/18	2.4	8.5 : -0.1	%
United States	2.20	Nov/18	2.5	23.7 : -15.8	%