France CPI

Data Prices

Source: Insee
Source Link: https://www.insee.fr/
Frequency: Monthly
Next Release(s): March 31st, 2026 2:45 AM

Latest Updates

France CPI: February 2026 (Final) 2026-03-13 03:45
France CPI rose +0.7% MoM and +1.0% YoY (vs +0.8% YoY expected) in February 2026, rebounding from the low 0.3% YoY increase recorded in January 2026.
- CPI annual inflation accelerated to +1.0% (Jan: +0.3%), partly due to a smaller decline in energy prices driven by electricity base effects.
- Monthly CPI increased +0.7% after -0.3% in January, reflecting seasonal rises in transport services and manufactured goods after sales ended.
- Food prices increased YoY to +2.1% (Jan: +1.9%), with fresh food accelerating to +3.1% while other food products held at +2.0%.
- Services inflation edged up to +1.8% YoY (Jan: +1.7%), contributing to the monthly rebound.
- Manufactured goods prices remained negative at -0.3% YoY (Jan: -1.2%), showing a slower pace of decline.
- Energy prices were -3.0% YoY (Jan: -7.6%), indicating reduced deflation pressure.
- Tobacco inflation rose to +3.0% YoY (Jan: +2.7%), continuing gradual acceleration.
- HICP increased +0.8% MoM and +1.1% YoY (Jan: -0.4% MoM; +0.4% YoY), confirming broader inflation firming.
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France’s CPI dropped -0.3% MoM and slowed to +0.3% YoY in January, down from +0.8% in December, with the deceleration mainly driven by a steeper drop in manufactured product prices, particularly clothing and footwear.
- Manufactured products fell -1.2% YoY (Dec: -0.4%), marking a deeper annual contraction linked to an extended winter sales period.
- Energy prices declined -7.8% YoY (Dec: -6.8%), indicating faster deflation in energy costs and a larger downward pull on overall inflation.
- Services inflation slowed to +1.8% YoY (Dec: +2.1%), partly reflecting more moderate increases in health service fees compared with last year.
- Food inflation edged up to +1.9% YoY (Dec: +1.7%), with fresh food rebounding to +1.4% YoY (from -0.4%) while other food products held at +2.0%.
- Tobacco price growth cooled to +2.8% YoY (Dec: +4.1%), showing a deceleration linked to base effects.
- The Harmonised Index of Consumer Prices (HICP) increased +0.4% YoY (Dec: +0.7%) and declined -0.4% MoM, closely tracking the softer national CPI trend.
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France’s CPI rose +0.8% YoY in December 2025 (down from 0.9% YoY in November) and increased +0.1% MoM, reflecting softer energy prices alongside firmer food inflation.
- Headline CPI slowed to +0.8% YoY (from +0.9%), with the deceleration mainly driven by a more pronounced decline in energy prices, particularly petroleum products.
- Energy prices fell -6.8% YoY (Nov: -4.6%), marking a deeper annual contraction and exerting the largest downward pressure on headline inflation.
- Food inflation accelerated to +1.7% YoY (Nov: +1.4%), led by a pickup in fresh food prices (-0.4% YoY vs -2.8% previously) and continued strength in other food products (+2.0% YoY).
- Manufactured goods prices declined -0.4% YoY, easing slightly from -0.6% in November and indicating a slower pace of deflation in this category.
- Services inflation was unchanged at +2.2% YoY, remaining the most persistent source of price pressure within the CPI basket.
- Tobacco prices rose +4.1% YoY, matching November’s pace and continuing to post one of the highest inflation rates among components.
- On a monthly basis, CPI rebounded +0.1% MoM (Nov: -0.2%), driven by a seasonal increase in services prices, especially transport, partially offset by further declines in energy and manufactured products.
- The Harmonised Index of Consumer Prices (HICP) increased +0.7% YoY (Nov: +0.8%) and rose +0.1% MoM, closely mirroring the national CPI pattern.
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France’s CPI was unchanged at +0.9% YoY (vs 1.0% YoY expected) in November 2025 and fell -0.1% MoM, reflecting offsetting moves across major components and marking another month of subdued headline inflation.
- The Harmonised Index of Consumer Prices (HICP) held at +0.8% YoY (vs 1.0% YoY expected) but declined -0.2% MoM (Oct: +0.1% MoM), mirroring the monthly decrease seen in the national CPI.
- Food inflation accelerated to +1.4% YoY (Oct: +1.3%), driven by a sharp rise in other food products (+1.9% YoY) that outweighed a deeper decline in fresh food prices (-2.8% YoY).
- Energy prices fell -4.6% YoY (Oct: -5.6%), showing a smaller annual decline due to a more moderate drop in petroleum product prices.
- Manufactured goods prices declined -0.6% YoY (Oct: -0.5%), indicating slightly stronger deflationary pressure in this category.
- Services inflation eased to +2.2% YoY (Oct: +2.4%), with communication services contributing notably to the slowdown.
- Tobacco prices rose +4.1% YoY, matching October’s pace and remaining one of the strongest contributors to inflation.
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France’s CPI rose +0.1% MoM and +1.0% YoY (vs +1.1% YoY expected) in October 2025 (vs +1.2% YoY in September), marking a slowdown driven by sharper energy declines and easing food prices.
- Energy prices fell -5.6% YoY (after -4.4% in September), reflecting steeper drops in gas and petroleum products.
- Food inflation eased to +1.3% YoY (from +1.7%), with fresh food prices turning negative (-2.2% after +1.6%) and other food products rising +1.8% (vs +1.7%).
- Services inflation remained steady at +2.4% YoY, supported by continued strength in transport and other service categories.
- Manufactured goods prices declined -0.5% YoY (vs -0.4%), showing a slightly faster rate of deflation.
- Tobacco prices rose +4.1% YoY, unchanged from September.
- The Harmonised Index of Consumer Prices (HICP) increased +0.1% MoM and +0.9% YoY (vs +1.1% YoY in September), reflecting the same underlying deceleration as the national CPI.
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France’s CPI fell -1.0% MoM in September 2025, following a +0.4% MoM increase in August, while the YoY rate rose to +1.2% YoY (from +0.9% YoY), confirming the flash estimates.
- Core inflation was -0.1% MoM and +1.3% YoY (up from +1.2% YoY), and the HICP slipped -1.1% MoM but rose +1.1% YoY, both confirming provisional estimates.
- Services prices climbed +2.4% YoY (vs +2.1%), driven by health services (+2.6% YoY) and rents/water/refuse collection (+2.5% YoY); “other services” inflation eased slightly to +3.0% YoY, while transport services declined -2.0% YoY.
- Energy prices fell 4.4% YoY (vs -6.2%), their least steep decline in months, as petroleum products rebounded +0.2% YoY, with diesel up +0.7% YoY and petrol nearly stable (-0.4% YoY); electricity prices dropped -13.7% YoY and gas rose +6.4% YoY.
- Food inflation ticked up to +1.7% YoY (from +1.6%), supported by higher prices for meat (+1.8% YoY), bread/cereals (+0.9% YoY), and non-alcoholic beverages (+9.5% YoY), while sugar/confectionery slowed to +5.4% YoY.
- Fresh food inflation eased to +1.6% YoY (from +1.7%), with fruit decelerating (+2.4% YoY) but vegetables (+2.6% YoY) and fish (+4.1% YoY) accelerating.
- Manufactured goods prices declined 0.4% YoY (vs -0.3%), with notable drops in major household appliances (-3.2% YoY) and furniture (-0.4% YoY); vehicle prices rose +0.9% YoY, partially offsetting the broader weakness.
- Tobacco prices remained stable MoM and rose +4.1% YoY, continuing to provide a small upward contribution to headline inflation.
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France’s CPI rose +1.2% YoY (vs +1.3% YoY expected) in September 2025, up from +0.9% in August, while prices fell -1.0% MoM (vs -0.8% MoM expected) due to seasonal declines in transport and accommodation services.
- Food inflation was +1.7% YoY, slightly higher than August (+1.6%), with fresh food stable at +1.7% and other food products edging up to +1.8%.
- Tobacco prices rose +4.1% YoY, up modestly from +4.0% in August but well below the +8.7% pace seen in September 2024.
- Energy prices declined -4.5% YoY, easing from -6.2% in August as petroleum base effects softened the downturn.
- Manufactured goods prices slipped -0.4% YoY, a slightly faster decline than the -0.3% in August.
- Services inflation accelerated to +2.4% YoY, up from +2.1% in August, largely due to slower falls in communication services and higher health service costs.
- The Harmonised Index of Consumer Prices (HICP) rose +1.1% YoY (after +0.8% in August) but fell -1.1% MoM (after +0.5%).
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