The annual inflation rate in France was confirmed at 2.3% in March 2024, down from 3% in February, and compared to initial forecasts of 2.6%. It marked the lowest level since September 2021, driven by a broad slowdown in prices for food (1.7% vs 3.6% in February), services (3.0% vs 3.2%), energy (3.4% vs 4.3%), and manufactured products (0.1% vs 0.4%). Tobacco prices also moderated sharply (10.7% vs 18.7%). On a monthly basis, consumer prices grew 0.2%, easing from a prior 0.8% advance, mainly due to a decline in energy costs, mostly gas and petroleum products. Considering the EU-harmonised index, prices rose 2.4% on the year and 0.2% on the month, also easing from 3.2% and 0.9% respectively in the previous month. source: INSEE, France

Inflation Rate in France decreased to 2.30 percent in March from 3 percent in February of 2024. 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 April of 2024.

Inflation Rate in France decreased to 2.30 percent in March from 3 percent in February of 2024. 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
2024-03-29 07:45 AM Inflation Rate YoY Prel Mar 2.3% 3% 2.6% 2.8%
2024-04-12 06:45 AM Inflation Rate YoY Final Mar 2.3% 3% 2.3% 2.3%
2024-04-30 06:45 AM Inflation Rate YoY Prel Apr 2.3% 2.1% 2.2%

Components Last Previous Unit Reference
Energy Inflation 3.40 4.30 percent Mar 2024
Food Inflation 1.70 3.60 percent Mar 2024
Services Inflation 3.00 3.20 percent Mar 2024

Related Last Previous Unit Reference
Consumer Price Index CPI 119.47 119.21 points Mar 2024
Core Consumer Prices 115.39 115.57 points Mar 2024
Core Inflation Rate 2.20 2.60 percent Mar 2024
CPI Housing Utilities 131.11 131.45 points Mar 2024
CPI Transportation 126.79 126.91 points Mar 2024
Harmonised Consumer Prices 122.70 122.30 points Mar 2024
Inflation Rate YoY 2.30 3.00 percent Mar 2024
Inflation Rate MoM 0.20 0.90 percent Mar 2024
PPI MoM -1.70 -1.00 percent Feb 2024
Producer Prices 128.00 130.20 points Feb 2024
PPI YoY -5.50 -4.90 percent Feb 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
2.30 3.00 18.80 -0.70 1958 - 2024 percent Monthly
2015=100, NSA

News Stream
France Inflation Rate Confirmed at 2-½-Year Low
The annual inflation rate in France was confirmed at 2.3% in March 2024, down from 3% in February, and compared to initial forecasts of 2.6%. It marked the lowest level since September 2021, driven by a broad slowdown in prices for food (1.7% vs 3.6% in February), services (3.0% vs 3.2%), energy (3.4% vs 4.3%), and manufactured products (0.1% vs 0.4%). Tobacco prices also moderated sharply (10.7% vs 18.7%). On a monthly basis, consumer prices grew 0.2%, easing from a prior 0.8% advance, mainly due to a decline in energy costs, mostly gas and petroleum products. Considering the EU-harmonised index, prices rose 2.4% on the year and 0.2% on the month, also easing from 3.2% and 0.9% respectively in the previous month.
2024-04-12
France Inflation Rate Slows More than Expected to 2.3%
The annual inflation rate in France slowed to 2.3% in March 2024, the lowest reading since September 2021, from 3% in February, and below forecasts of 2.6%, preliminary estimates showed. There was a broad based slowdown in consumer prices, namely food (1.7% vs 3.6% in February), with cost of fresh food falling 3.9%; services (3% vs 3.2%); tobacco (10.7% vs 18.7%); energy (3.4% vs 4.3%); and manufactured products (0.1% vs 0.4%). Compared to the previous month, the CPI rose 0.2%, well below 0.9% in February, due to a slight drop in energy prices, mostly gas and petroleum products while prices of manufactured goods are expected to have accelerated due to the seasonal rise in clothing prices after the winter sales. Considering the EU-harmonised index, prices rose 2.4% on the year and 0.2% on the month, also easing from 3.2% and 0.9% respectively in February.
2024-03-29
France Inflation Rate Revised Higher
The annual inflation rate in France edged down to 3% in February 2024 from 3.1% in the previous month, revising higher than preliminary estimates of 2.9%. It was the lowest reading since January 2022, as food inflation continued to slow (3.6% vs 5.7% in January), particularly fresh products (0.4% vs 7.9%), while prices also eased further for manufactured products (0.4% vs 0.7%), and services (3.1% vs 3.2%). Conversely, costs rose faster for energy (4.3% vs 1.9%), and tobacco (18.7% vs 16.8%). On a monthly basis, consumer prices advanced 0.8%, the largest growth since August 2023 and reversing a 0.2% fall in January, mainly prompted by a sharp acceleration in energy prices, mostly electricity costs and petroleum products. Considering the EU-harmonised index, the CPI rose 3.2% on the year and 0.9% on the month.
2024-03-15