France's annual inflation rate increased to 1.3 percent in April 2019 from 1.1 percent in March and slightly above an initial estimate of 1.2 percent. Prices rose faster for services and they fell slightly less for manufactured products. Inflation Rate in France averaged 4.38 percent from 1958 until 2019, 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 1.50 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 1.80 in 12 months time. In the long-term, the France Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

France Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 07:45 AM Inflation Rate YoY Prel 1.1% 1.3% 1.2%
2019-04-11 06:45 AM Inflation Rate YoY Final 1.1% 1.3% 1.1% 1.1%
2019-04-30 06:45 AM Inflation Rate YoY Prel 1.2% 1.1% 1.2%
2019-05-15 06:45 AM Inflation Rate YoY Final 1.3% 1.1% 1.2% 1.2%
2019-05-29 06:45 AM Inflation Rate YoY Prel 1.3% 1.1%
2019-06-14 06:45 AM Inflation Rate YoY Final 1.3%
2019-06-28 06:45 AM Inflation Rate YoY Prel 1.5%



French Inflation Rate Quickens to 1.3% in April

France's annual inflation rate increased to 1.3 percent in April 2019 from 1.1 percent in March and slightly above an initial estimate of 1.2 percent. Prices rose faster for services and they fell slightly less for manufactured products.

Prices advanced at a faster pace for services (1.0 percent vs 0.6 percent in March), as cost rebounded for transport services (0.5 percent vs -0.9 percent), especially those of air transport (3.3 percent vs -3.3 percent); and health (0.1 percent vs -0.2 percent). In addition, prices rose further for other services (1.8 percent vs 1.4 percent) and decreased at a softer pace for communication (-3.0 percent vs -3.3 percent) and actual rentals and services for dwellings (-0.1 percent vs -0.2 percent). Meantime, inflation was steady for tobacco (at 8.1 percent) and food (at 2.5 percent), amid a slowdown in fresh food prices (3.7 percent vs 4.2 percent), namely fresh fuit (0.5 percent vs 1.3 percent); fresh vegetables (3.3 percent vs 3.6 percent) and fish expenses (4.5 percent vs 6.0 percent).

On the other hand, energy inflation slowed down (4.8 percent vs 5.1 percent), driven by petroleum cost (5.7 percent vs 6.0 percent). Manufactured products prices posted a smaller decrease (-0.5 percent vs -0.6 percent), of which clothing & footwear (-0.2 percent vs -0.3 percent) and medical products (-2.5 percent vs -2.7 percent).

Annual core inflation, which excludes public sector prices, the most volatile consumer prices and the tax measures, rose to 0.7 percent in April from 0.5 percent in March.

On a monthly basis, consumer prices went up 0.3 percent in April, slightly above an earlier figure of 0.2 percent and compared to a 0.8 percent rise in March. Softer prices were observed for manufactured products (0.1 percent vs 2.1 percent); energy (0.6 percent vs 1.1 percent) and tobacco (0.1 percent vs 7.3 percent). In contrast, cost for services accelerated (0.5 percent vs 0.2 percent) and food prices rebounded very slightly (0.1 percent vs -0.2 percent).

The harmonized index of consumer prices increased by 1.5 percent from the previous year (vs 1.3 percent in March) and by 0.4 percent month-over-month (vs 0.9 percent in March).


INSEE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/15/2019 7:58:49 AM



France Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.10 18.80 -0.70 percent [+]
Inflation Rate Mom 0.30 0.80 1.00 -1.00 percent [+]
Consumer Price Index CPI 104.22 103.89 104.22 66.40 Index Points [+]
Harmonised Consumer Prices 104.93 104.55 104.93 65.64 Index Points [+]
Core Consumer Prices 102.53 102.21 102.53 69.30 Index Points [+]
Core Inflation Rate 0.70 0.50 4.00 -0.20 percent [+]
Producer Prices 104.10 104.10 104.40 96.50 Index Points [+]
Producer Prices Change 1.90 2.10 7.30 -7.60 percent [+]
Export Prices 116.20 116.80 120.60 87.20 Index Points [+]
Import Prices 101.50 100.80 122.60 86.60 Index Points [+]
Food Inflation 2.50 2.50 6.50 -1.50 percent [+]
CPI Housing Utilities 105.11 105.20 105.25 52.61 Index Points [+]
CPI Transportation 108.24 106.53 108.43 57.10 Index Points [+]


France Inflation Rate

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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.10 18.80 -0.70 1958 - 2019 percent Monthly
2015=100, NSA




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.90 Apr/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.80 Apr/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19


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