France Inflation Hits Over 2-Year High

2026-06-12 07:02 By Kyrie Dichosa 1 min. read

France’s annual inflation rate rose to 2.4% in May 2026, picking up from 2.2% in April, confirming preliminary estimates.

This marked the highest level since February 2024, driven mainly by higher energy prices (16.6% vs 14.3% in April), largely due to a sharp rebound in gas prices (11.3% vs -3.1%).

Services inflation also rose to 2.1% from 1.8%, while food prices slowed slightly to 1.1% from 1.2%.

Prices for manufactured goods fell by 0.6%, and tobacco inflation remained steady at 3.2%.

On a monthly basis, the CPI increased by 0.1% in May, slowing sharply from 1.0% in April, as energy prices rose at a slower pace (0.6% vs 4.7%), with higher gas prices partly offset by a decline in petroleum products (-1.9% vs 8.2%).

Food prices rose 0.3%, driven by fresh products, while manufactured goods edged up 0.1%, and services and tobacco were stable.

Meanwhile, the EU-harmonised annual inflation rate rose to 2.8% from 2.5%, while monthly CPI increased by 0.1% following a 1.2% rise in April.



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France Inflation Hits Over 2-Year High
France’s annual inflation rate rose to 2.4% in May 2026, picking up from 2.2% in April, confirming preliminary estimates. This marked the highest level since February 2024, driven mainly by higher energy prices (16.6% vs 14.3% in April), largely due to a sharp rebound in gas prices (11.3% vs -3.1%). Services inflation also rose to 2.1% from 1.8%, while food prices slowed slightly to 1.1% from 1.2%. Prices for manufactured goods fell by 0.6%, and tobacco inflation remained steady at 3.2%. On a monthly basis, the CPI increased by 0.1% in May, slowing sharply from 1.0% in April, as energy prices rose at a slower pace (0.6% vs 4.7%), with higher gas prices partly offset by a decline in petroleum products (-1.9% vs 8.2%). Food prices rose 0.3%, driven by fresh products, while manufactured goods edged up 0.1%, and services and tobacco were stable. Meanwhile, the EU-harmonised annual inflation rate rose to 2.8% from 2.5%, while monthly CPI increased by 0.1% following a 1.2% rise in April.
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France’s annual inflation rose to 2.2% in April 2026 from 1.7% in March, confirming preliminary estimates and marking its highest level since July 2024. The pickup was mainly driven by energy prices, which surged 14.3% (vs 7.4% in March), reflecting a sharp rise in petroleum products (31.4% vs 18.1%) linked to the Middle East conflict. Services inflation also edged up to 1.8% from 1.7%. In contrast, food inflation slowed to 1.2% from 1.8%, while prices of manufactured goods continued to decline (-0.6% vs -0.5%). On a monthly basis, CPI rose 1.0%, unchanged from March, driven by increases in seasonal services (1.2%) and higher energy prices (4.7%), especially petroleum products (8.2%), while food rose slightly and manufactured goods were stable. Core inflation increased to 1.2% from 1.1%. Meanwhile, EU-harmonized inflation rose to 2.5%, marking the first time since August 2024 that France has exceeded the ECB’s 2% target.
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