Annual inflation rate in France is expected to slow to 0.1 percent in June of 2020 from 0.4 percent in May, reaching the lowest reading since deflation in 2016, preliminary estimates showed. The country started lifting its coronavirus restrictive measures on May 11th. Cost of services and food slowed and prices of manufactured products fell sharply. In contrast, energy prices should drop less than in May and tobacco prices are seen increasing at the same pace as in the previous month. On a month-over-month basis, consumer prices went down 0.1 percent after a 0.1 percent rise in May. The harmonized inflation is expected to slow to 0.1 percent from 0.4 percent and the monthly rate to fall to -0.1 percent from 0.2 percent.
Inflation Rate in France averaged 4.32 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 July 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.