Inflation in France

France Inflation | Economic News & Forecasts

France - Inflation

Harmonized inflation comes in at highest level since our records began

Consumer prices increased 0.27% from the previous month in July, coming in below the 0.74% rise recorded in June. July's result marked the weakest reading since January. Looking at the details of the release, prices for manufactured products decreased at a faster rate, while prices for energy dropped.

Harmonized inflation inched up to 6.8% in July, slightly above June’s 6.5%. July's figure was the highest inflation rate since current records began. Annual average harmonized inflation rose to 4.4% in July (June: 3.9%). Lastly, consumer price inflation rose to 6.1% in July, picking up from the previous month's 5.8%.

FocusEconomics Consensus Forecast panelists project harmonized inflation averaging 5.6% in 2022, which is up 0.3 percentage points from last month’s estimate, and 3.1% in 2023.

France - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.0  0.2  1.0  1.9  1.1  

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France Inflation Chart

France Inflation
Note: Annual variation of consumer price index (HICP) in %.
Source: National Institute of Statistics and FocusEconomics calculations.

France Facts

Value Change Date
Bond Yield0.080.46 %Jan 01
Exchange Rate1.120.65 %Dec 31

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