France’s annual inflation rate rose to 2.4% in May 2026, picking up from 2.2% in April, confirming preliminary estimates. This marked the highest level since February 2024, driven mainly by higher energy prices (16.6% vs 14.3% in April), largely due to a sharp rebound in gas prices (11.3% vs -3.1%). Services inflation also rose to 2.1% from 1.8%, while food prices slowed slightly to 1.1% from 1.2%. Prices for manufactured goods fell by 0.6%, and tobacco inflation remained steady at 3.2%. On a monthly basis, the CPI increased by 0.1% in May, slowing sharply from 1.0% in April, as energy prices rose at a slower pace (0.6% vs 4.7%), with higher gas prices partly offset by a decline in petroleum products (-1.9% vs 8.2%). Food prices rose 0.3%, driven by fresh products, while manufactured goods edged up 0.1%, and services and tobacco were stable. Meanwhile, the EU-harmonised annual inflation rate rose to 2.8% from 2.5%, while monthly CPI increased by 0.1% following a 1.2% rise in April. source: INSEE, France

Inflation Rate in France increased to 2.40 percent in May from 2.20 percent in April of 2026. Inflation Rate in France averaged 4.17 percent from 1958 until 2026, reaching an all time high of 18.80 percent in April of 1958 and a record low of -0.70 percent in July of 2009. This page provides the latest reported value for - France Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Inflation Rate in France increased to 2.40 percent in May from 2.20 percent in April of 2026. Inflation Rate in France is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Inflation Rate is projected to trend around 2.30 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-29 06:45 AM
Inflation Rate YoY Prel
May 2.4% 2.2% 2.5% 2.6%
2026-06-12 06:45 AM
Inflation Rate YoY Final
May 2.4% 2.2% 2.4% 2.4%
2026-06-30 06:45 AM
Inflation Rate YoY Prel
Jun 2.4% 2.4%



Components Last Previous Unit Reference
Energy Inflation 16.60 14.30 percent May 2026
Food Inflation 1.10 1.20 percent May 2026
Services Inflation 2.10 1.80 percent May 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 102.38 102.25 points May 2026
Core Consumer Prices 101.28 100.96 points May 2026
Core Inflation Rate 1.50 1.20 percent May 2026
CPI Housing Utilities 102.50 101.60 points May 2026
CPI Transportation 107.14 108.46 points May 2026
Harmonised Consumer Prices 102.72 102.57 points May 2026
Import Prices of Industrial Products 119.10 117.00 points Apr 2026
Inflation Rate YoY 2.40 2.20 percent May 2026
Inflation Rate MoM 0.10 1.00 percent May 2026
PPI MoM -2.10 1.90 percent Apr 2026
Producer Prices 123.20 125.90 points Apr 2026
PPI YoY 2.10 0.00 percent Apr 2026


France Inflation Rate
In France, the most important category in the consumer price index is services (48 percent of total weight), in particular rents, water and garbage collection (8 percent), health services (7 percent), transport (2 percent), and communication (2 percent). The index also includes: manufactured products (24 percent) such as medical products (4 percent) and clothing and footwear (3 percent); food (16 percent); energy (9 percent) such as petroleum products (4 percent); and tobacco (2 percent).
Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.20 18.80 -0.70 1958 - 2026 percent Monthly
2015=100, NSA

News Stream
France Inflation Hits Over 2-Year High
France’s annual inflation rate rose to 2.4% in May 2026, picking up from 2.2% in April, confirming preliminary estimates. This marked the highest level since February 2024, driven mainly by higher energy prices (16.6% vs 14.3% in April), largely due to a sharp rebound in gas prices (11.3% vs -3.1%). Services inflation also rose to 2.1% from 1.8%, while food prices slowed slightly to 1.1% from 1.2%. Prices for manufactured goods fell by 0.6%, and tobacco inflation remained steady at 3.2%. On a monthly basis, the CPI increased by 0.1% in May, slowing sharply from 1.0% in April, as energy prices rose at a slower pace (0.6% vs 4.7%), with higher gas prices partly offset by a decline in petroleum products (-1.9% vs 8.2%). Food prices rose 0.3%, driven by fresh products, while manufactured goods edged up 0.1%, and services and tobacco were stable. Meanwhile, the EU-harmonised annual inflation rate rose to 2.8% from 2.5%, while monthly CPI increased by 0.1% following a 1.2% rise in April.
2026-06-12
France Inflation Rate Below Forecasts
France’s annual inflation rate accelerated to 2.4% in May 2026, from 2.2% in April, according to preliminary estimates. Although slightly below expectations of 2.5%, inflation rose for a fourth consecutive month, reaching its highest level since February 2024, mainly driven by higher energy prices (16.8% vs 14.3% in April), particularly gas, due to the war with Iran. Service prices also continued to rise (2% vs 1.8%) and food inflation remained unchanged from the previous month at 1.2%. Prices for manufactured goods declined 0.6%, the same as in April and tobacco increased at a steady rate of 3.2%. Compared to the previous month, the CPI edged up 0.1%, following a 1% jump in April, driven by gas prices, while petroleum product prices declined slightly. Meanwhile, the EU-harmonised annual inflation rate rose to 2.8% from 2.5%, while monthly CPI increased by 0.1% following a 1.2% rise in the previous month, with both figures coming in line with market expectations.
2026-05-29
France April Inflation Confirmed at 2.2%
France’s annual inflation rose to 2.2% in April 2026 from 1.7% in March, confirming preliminary estimates and marking its highest level since July 2024. The pickup was mainly driven by energy prices, which surged 14.3% (vs 7.4% in March), reflecting a sharp rise in petroleum products (31.4% vs 18.1%) linked to the Middle East conflict. Services inflation also edged up to 1.8% from 1.7%. In contrast, food inflation slowed to 1.2% from 1.8%, while prices of manufactured goods continued to decline (-0.6% vs -0.5%). On a monthly basis, CPI rose 1.0%, unchanged from March, driven by increases in seasonal services (1.2%) and higher energy prices (4.7%), especially petroleum products (8.2%), while food rose slightly and manufactured goods were stable. Core inflation increased to 1.2% from 1.1%. Meanwhile, EU-harmonized inflation rose to 2.5%, marking the first time since August 2024 that France has exceeded the ECB’s 2% target.
2026-05-13