France Inflation Rate

Last Release

Oct 31, 2024

Actual

1.2

Units In

1.1

Frequency

Monthly

Next Release

Nov 29, 2024

Time to Release

13 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
18.8 Apr 1958	-0.7 Jul 2009	4.24 %	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

France's annual inflation rate ticked up to 1.2% in October 2024, from a 3-1/2-year low of 1.1% in the prior month and matching an earlier estimate. The main upward pressure came from prices of services (+2.3% vs +2.4% in September), on account of transports (+4.1%) and rent, water and household waste removal (+2.9%); alongside tobacco products (8.7%, the same rate as in September). At the same time, prices increased slightly faster for food (0.6% vs 0.5% in September), driven by fresh products (4.5% vs 2.6%). Meanwhile, prices declined less for energy (-2% vs -3.3%) and manufactured products (-0.2% vs -0.3%). Monthly, the CPI increased by 0.3%, exceeding the preliminary estimate of a 0.2% rise and following a 1.2% decrease in September. The EU-harmonized annual inflation rate rose to 1.6%, slightly above the preliminary estimate of 1.5% and September's rate of 1.4%. The harmonised CPI went up 0.3%, in line with the preliminary estimate and following a 1.3% fall the month before.