Annual inflation rate in France held steady at 2.2% in May 2024, the same as in April, and below forecasts of 2.4%. It remains the lowest inflation rate since September 2021, preliminary estimates showed. Prices rose faster for food (1.3% vs 1.2%), namely fresh products (3.5% vs -0.7%) and energy (5.8% vs 3.8%), but eased for services (2.7% vs 3%) and tobacco (8.7% vs 9%). Prices were little changed for manufacturers (0% vs -0.1%). Compared to the previous month, the CPI stalled, following a 0.5% increase in April, mainly due to a sharp drop in energy prices, particularly petroleum products, that offset increases in food and, to a lesser extent, manufactured products. Considering the EU-harmonised figures however, the annual rate increased to 2.7% from 2.4% and much higher than forecasts of 2.5%. The monthly rate eased to 0.2% from 0.6% as expected. source: INSEE, France

Inflation Rate in France remained unchanged at 2.20 percent in May. Inflation Rate in France averaged 4.26 percent from 1958 until 2024, 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 June of 2024.

Inflation Rate in France remained unchanged at 2.20 percent in May. Inflation Rate in France is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Inflation Rate is projected to trend around 1.90 percent in 2025 and 1.70 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-05-15 06:45 AM Inflation Rate YoY Final Apr 2.2% 2.3% 2.2% 2.2%
2024-05-31 06:45 AM Inflation Rate YoY Prel May 2.2% 2.2% 2.4% 2.4%
2024-06-14 06:45 AM Inflation Rate YoY Final May 2.2% 2.2% 2.2%

Components Last Previous Unit Reference
Energy Inflation 5.80 3.80 percent May 2024
Food Inflation 1.30 1.20 percent May 2024
Services Inflation 2.70 3.00 percent May 2024

Related Last Previous Unit Reference
Consumer Price Index CPI 120.07 119.47 points Apr 2024
Core Consumer Prices 115.91 115.39 points Apr 2024
Core Inflation Rate 1.90 2.20 percent Apr 2024
CPI Housing Utilities 130.76 131.11 points Apr 2024
CPI Transportation 128.70 126.79 points Apr 2024
Harmonised Consumer Prices 123.40 122.70 points Apr 2024
Inflation Rate YoY 2.20 2.20 percent May 2024
Inflation Rate MoM 0.00 0.50 percent May 2024
PPI MoM -3.60 -1.00 percent Apr 2024
Producer Prices 122.00 126.60 points Apr 2024
PPI YoY -6.80 -8.30 percent Apr 2024

France Inflation Rate
In France, the most important category in the consumer price index is services (48 percent of total weight), in particular rents, water and garbage collection (8 percent), health services (7 percent), transport (2 percent), and communication (2 percent). The index also includes: manufactured products (24 percent) such as medical products (4 percent) and clothing and footwear (3 percent); food (16 percent); energy (9 percent) such as petroleum products (4 percent); and tobacco (2 percent).
Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 18.80 -0.70 1958 - 2024 percent Monthly
2015=100, NSA


News Stream
France Inflation Rate Below Forecasts at 2.2%
Annual inflation rate in France held steady at 2.2% in May 2024, the same as in April, and below forecasts of 2.4%. It remains the lowest inflation rate since September 2021, preliminary estimates showed. Prices rose faster for food (1.3% vs 1.2%), namely fresh products (3.5% vs -0.7%) and energy (5.8% vs 3.8%), but eased for services (2.7% vs 3%) and tobacco (8.7% vs 9%). Prices were little changed for manufacturers (0% vs -0.1%). Compared to the previous month, the CPI stalled, following a 0.5% increase in April, mainly due to a sharp drop in energy prices, particularly petroleum products, that offset increases in food and, to a lesser extent, manufactured products. Considering the EU-harmonised figures however, the annual rate increased to 2.7% from 2.4% and much higher than forecasts of 2.5%. The monthly rate eased to 0.2% from 0.6% as expected.
2024-05-31
France Inflation Rate Confirmed at 31-Month Low
The annual inflation rate in France was confirmed at 2.2% in April 2024, edging lower from 2.3% in March but slightly higher than the initial forecasts of 2.1%. Still, it marked the lowest level since September 2021, driven by lower inflation for food (1.2% vs 1.7% in March), and tobacco (9.0% vs 10.7%). Additionally, prices fell for manufactured products (-0.1% vs 0.1%), due to a decline in costs of health products, while prices of services increased at the same pace as in the prior month (3.0%). On the other hand, energy inflation climbed to 3.8%, accelerating from 3.4% in March. Compared to the previous month, the CPI grew 0.5%, following a 0.2% rise previously, prompted by an increase in services costs, particularly transport and insurance. Considering the EU-harmonised index, prices rose 2.4% on the year and 0.6% on the month, up from 2.4% and 0.2% respectively in the previous month.
2024-05-15
France Inflation Rate Slows Less than Expected
The annual inflation rate in France eased to 2.2% in April 2024, edging lower from 2.3% in March, but above forecasts of 2.1%, preliminary estimates showed. Still, it was the lowest reading since September 2021, due to a slowdown in prices for food (1.2% vs 1.7% in March), with costs of fresh food falling 0.7%; and tobacco (9% vs 10.7%). At the same time, costs fell for manufactured products (-0.1% vs 0.1%), while prices accelerated for energy (3.8% vs 3.4%), and unchanged for services (3.0%). Compared to the previous month, the CPI rose 0.5%, in line with forecasts and up from a prior 0.2% rise, due to an increase in prices of services, particularly transport and other services. Considering the EU-harmonised index, prices rose 2.4% on the year and 0.6% on the month.
2024-04-30