The annual inflation rate in France slowed to 1.8% in June 2026 from 2024-highs of 2.4% in May, and below expectations of 2.1%, preliminary estimates showed.
The decline in inflation was primarily driven by a sharp slowdown in energy price growth, particularly for petroleum products, although energy prices remained significantly higher than a year earlier (11.2% vs 16.6% in May).
Services (1.8% vs 2.1%) and food (0.9% vs 1.1%) inflation also eased while prices for manufactured goods declined at a faster pace (-0.9% vs -0.6%), partly due to calendar effects, as the June data collection period included more days of seasonal sales than in the previous year.
In contrast, tobacco prices increased at a slightly faster pace (3.3% vs 3.2%).
Compared to the previous month, the CPI declined 0.2%, the first fall in five months, led by a sharp decline in energy prices, mainly petroleum products.
Considering the EU-harmonised CPI, prices rose 2% yoy (vs 2.8% in May) and dropped 0.3% on the month.