France Inflation Rate

Last Release

Mar 31, 2024

Actual

2.3

Units In

Frequency

Monthly

Next Release

Apr 29, 2024

Time to Release

16 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
18.8 Apr 1958	-0.7 Jul 2009	4.26 %	1958-2024	N/A

In France, the most important category in the consumer price index is services (48 percent of total weight), in particular actual rentals and services for dwellings (7 percent), health services (6 percent), transport (3 percent), and communication (2 percent). The index also includes: manufactured products (26 percent) such as medical products (4 percent) and clothing and footwear (4 percent); food (16 percent); energy (8 percent) such as petroleum products (4 percent); and tobacco (2 percent).

Latest Updates

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.