France CPI

Data Prices

Source: Insee
Source Link: https://www.insee.fr/
Frequency: Monthly
Next Release(s): August 29th, 2025 2:45 AM

Latest Updates

France’s CPI growth was confirmed at +0.2% MoM in July 2025, slowing from +0.4% in June, while the YoY rate held at +1.0%. Core inflation accelerated to +1.5% YoY (from +1.2% in June).
- Services prices rose +1.3% MoM and +2.5% YoY, driven by transport (+10.2% MoM; +3.7% YoY) and accommodation (+11.7% MoM; +4.6% YoY).
- Energy prices increased +0.9% MoM but fell -7.2% YoY, with petroleum products down -5.4% YoY and electricity down -13.6% YoY.
- Food inflation accelerated to +1.6% YoY, with fresh food (+1.6%) supported by smaller declines in vegetables (-1.0%) and higher fresh fish prices (+3.4%).
- Manufactured goods prices dropped -2.4% MoM due to summer sales but were steady at -0.2% YoY; clothing & footwear rose +1.9% YoY despite a -9.3% MoM seasonal drop.
- HICP inflation was +0.3% MoM and +0.9% YoY, both unchanged from June’s annual pace.
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France’s CPI rose 0.2% MoM (vs 0.1% MoM expected) and 1.0% YoY (vs 1.0% YoY expected) in July 2025, unchanged from June, with lower energy inflation offset by a slight acceleration in food and services prices.
- Energy prices fell -7.2% YoY (vs -6.7% in June), driven by a base effect from last year’s gas spike.
- Food inflation ticked up to 1.6% YoY, with fresh food also rising 1.6% (vs 1.2% in June).
- Services inflation edged up to 2.5% YoY (from 2.4%), while manufactured goods remained down -0.2% YoY.
- Tobacco prices held steady at +4.0% YoY, after surging 8.7% YoY in July 2024.
- HICP inflation was 0.3% MoM (vs 0.2% MoM expected) and 0.9% YoY (vs 0.8% YoY expected).
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France’s CPI inflation was revised up to 0.4% MoM and 1.0% YoY from the initial estimate of 0.3% MoM and 0.9% YoY in June 2025, with the monthly rise driven by stronger services and energy prices.
- Core inflation ticked up to +1.2% YoY (from +1.1%), while HICP inflation was +0.4% MoM and +0.9% YoY (vs the initial estimate of 0.8% YoY).
- Services prices rose +2.4% YoY, led by airfares (+4.6% YoY) and accommodation (+5.5% YoY); communication prices fell -12.1% YoY.
- Energy prices fell -6.7% YoY (vs -6.9% YoY in the first estimate), a smaller drop than May’s -8.0%, with petroleum product prices down -6.2% YoY.
- Food inflation accelerated slightly to +1.4% YoY, with fresh fruit (+6.8%) and non-alcoholic beverages (+8.9%) offsetting a decline in fresh vegetables (-4.2%).
- Manufactured goods prices remained weak at -0.2% YoY, unchanged from May, with health products down -0.9% YoY and household appliances down -1.8% YoY.
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France’s CPI rose 0.3% MoM (vs 0.2% MoM expected) in June, pushing the annual inflation rate to 0.9% YoY (vs 0.7% YoY expected), up from 0.7% in May, driven by services and a rebound in energy prices.
- HICP inflation rose 0.4% MoM (vs 0.2% MoM expected) and 0.8% YoY (up from 0.6% YoY and above expectations of 0.7% YoY), confirming a modest pickup in price pressures.
- Services inflation accelerated to 2.4% YoY (from 2.1% YoY), led by accommodation, transport, and health.
- Energy prices fell -6.9% YoY, a smaller decline than -8.0% YoY in May.
- Food inflation ticked up to 1.4% YoY (from 1.3% YoY), with fresh food slowing to 1.2% (from 1.5% YoY).
- Manufactured goods inflation remained unchanged at -0.2% YoY.
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France’s CPI growth in May was confirmed at -0.1% MoM and 0.7% YoY, down from 0.8% YoY in April.
- Energy CPI was revised up slightly from -8.1% YoY in the first estimate to -8.0% YoY in the final estimate.
- HICP inflation was also confirmed at -0.2% YoY and 0.6% YoY.
- Core inflation was -0.1% MoM and 1.1% YoY, down from 1.3% YoY and the lowest since August 2021.
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France’s CPI fell -0.1% MoM (vs +0.1% MoM expected) in May, after rising 0.6% MoM in April, while the YoY rate eased to 0.7% YoY, down from 0.8% YoY and below expectations of 0.9% YoY.
- Energy prices declined for the fourth straight month, down -8.1% YoY (vs -7.8% in April), led by falling petroleum and gas prices.
- Services inflation slowed to 2.1% YoY (from 2.4%), with transport and communication driving the deceleration.
- Food inflation edged up to 1.3% YoY (from 1.2%), though fresh food prices slowed to 1.7% YoY (from 4.0%).
- Manufactured goods prices remained flat at -0.2% YoY, while tobacco inflation held steady at 4.1% YoY.
- HICP fell -0.2% MoM and slowed to 0.6% YoY, down from 0.9% YoY and below expectations of increases of 0.1% MoM and 0.9% YoY.
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France’s CPI inflation in April was revised up to 0.6% MoM and 0.8% YoY from the first estimate of 0.5% MoM and 0.8% YoY.
- Services inflation was revised up to 2.4% YoY from the first estimate of 2.3% YoY. Transport prices were notably strong, up 10.2% MoM and 3.9% YoY.
- Energy inflation was revised up slightly to -7.8% YoY from the first estimate of -7.9% YoY.
- HICP inflation was also revised up to 0.7% MoM and 0.9% YoY from the first estimate of 0.6% MoM and 0.8% YoY.
- Core inflation was recorded at 0.2% MoM and 1.3% YoY in April, unchanged for the last five months.
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France’s CPI rose 0.5% MoM in April, above expectations of an 0.3% MoM increase, while the YoY rate held steady at 0.8% (vs 0.7% YoY expected), with energy deflation deepening but food and services prices rebounding.
- Food inflation reaccelerated to 1.2% YoY (from 0.6%), led by fresh food up 4.0% YoY (vs 3.8%).
- Energy prices fell -7.9% YoY, down from -6.6% in March, marking a continued drag on headline inflation.
- Services inflation was unchanged at 2.3% YoY, while manufactured goods inflation remained negative at -0.2% YoY.
- HICP rose 0.6% MoM (vs 0.3% expected) and slowed to 0.8% YoY (vs 0.7% expected) in April, down from 0.9% YoY in March.
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France’s CPI inflation was confirmed at 0.2% MoM and 0.8% YoY in March, unchanged from the 0.8% YoY February reading.
- Manufactured goods prices increased 1.1% MoM but were down -0.2% YoY, while services prices were unchanged and up 2.3% YoY.
- Core CPI inflation was 0.1% MoM and 1.3% YoY in March, unchanged from 1.3% YoY in February.
- HICP inflation was confirmed at 0.2% MoM and 0.9% YoY in March, unchanged from 0.9% YoY in February and still the lowest in over three years.
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France's CPI inflation in March is 0.2% MoM and 0.8% YoY, unchanged from February’s 0.8% YoY reading.
- Food prices are expected to rise 0.6% YoY, with fresh food prices accelerating 3.8% YoY.
- Tobacco inflation is projected to slow to 4.1% YoY from 4.5% in February.
- Energy prices are expected to fall -6.2% YoY after a -5.8% YoY decline in February.
- Services inflation is set to increase 2.3% YoY, with a 0.1 ppts slowdown from the prior month.
- HICP inflation is estimated at 0.2% MoM and 0.9% YoY, both below expectations of inflation rates at 0.3% MoM and 1.1% YoY.
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France’s CPI inflation in February was confirmed at 0.0% MoM and 0.8% YoY, the lowest since February 2021.
- Food and manufactured products inflation were both confirmed at 0.3% YoY and 0.0% YoY respectively.
- Energy inflation was revised down -0.1 ppts to -5.8% YoY.
- Services inflation was revised up 0.1 ppts to 2.2%.
- Core inflation was 0.1% MoM and 1.3% YoY.
- Monthly HICP inflation was revised up slightly by 0.1 ppts to 0.1% MoM while the annual rate was confirmed at 0.9% YoY.
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France’s CPI was flat on a monthly basis (vs 0.3% MoM) and up 0.8% YoY (vs 1.0% YoY) in February, down significantly from 1.7% YoY in January.
- The annual rate is the lowest since February 2021.
- Energy inflation crashed from 2.7% YoY to -5.7% YoY over the month.
- Core goods and core services inflation both eased, down -0.2 ppts to 0.0% YoY and down -0.4 ppts to 2.1% YoY.
- HICP inflation was also softer than expectations at 0.0% MoM (vs 0.3% MoM) and 0.9% YoY (vs 1.2% YoY).
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