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Inflation in France
France experienced generally low inflation from 2013 to 2022, with rates mostly below 2%. This trend mirrored the broader Euro area's economic situation, characterized by subdued growth and muted price pressures. The impact of the COVID-19 pandemic and higher global commodity prices saw a notable uptick in inflation in 2022 to close to around 6%, though this was lower than the Euro area average.
Harmonized consumer price inflation averaged 1.5% in the ten years to 2022, below the Euro Area average of 1.8%. The 2022 average figure was 5.9%. For more inflation information, visit our dedicated page.
France Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for France from 2014 to 2023.
Source: Macrobond.
France Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.3 | 0.5 | 2.1 | 5.9 | 5.7 |
| Inflation (CPI, ann. var. %, eop) | 1.5 | 0.0 | 2.8 | 5.9 | 3.7 |
| Inflation (HICP, ann. var. %, eop) | 1.6 | 0.0 | 3.4 | 6.7 | 4.1 |
| Inflation (Core, ann. var. %, aop) | 0.8 | 0.6 | 1.1 | 3.8 | 5.1 |
| Inflation (PPI, ann. var. %, aop) | 0.4 | -2.2 | 9.3 | 25.5 | 4.5 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects French inflation projections for the next ten years from a panel of 36 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for French inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our French inflation projections.
Want to get access to the full dataset of French inflation forecasts? Send an email to info@focus-economics.com.
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