Consumer prices in France have increased by 1.3% in December over one year, an evolution identical to that of November, INSEE indicated on Tuesday. In December, energy prices (+1.2%) recorded a slight rebound which was offset by the continued decline in manufactured products (-0.4%) and the stagnation of food prices ( 0.0%), according to the provisional estimate from the National Institute of Statistics and Economic Studies.
The prices of services, which represent more than half of the household consumption basket, have increased by 2.3% over one yearlike in November. Those of tobacco took 8.7%also stable over one year compared to the previous month. Over one month, consumer prices increased by 0.2% in December, according to the provisional estimate, after a decline of 0.1% in November. INSEE attributes it to the increase in prices of services, particularly transport, and petroleum products.
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A “gloomy” start to the year
The harmonized consumer price index (HICP), which allows comparisons between European countries, increased by 1.8% in December year-on-year, after 1.7% in November. It is up 0.2% over one month after -0.1% in November. For 2025, INSEE said in December that it foresees the start of the year «morose» for the French economy, while the government is trying to provide the country with a budget which would be marked by a budgetary effort of 50 billion euros. The institute sees inflation falling to 1% in June.
