Economy

France: Inflation rises to 2.4% in August 2026

    In France, the Consumer Price Index (CPI) rose by 2.4% in August 2026, following a 2.1% increase in July. According to the French National Institute of Statistics and Economic Studies (Insee), the rise in inflation was mainly driven by an acceleration in energy prices (+16.7%).

    Petroleum product prices accelerated again year on year (+28.7%), driven by increases in diesel prices (+36.4%), petrol prices (+19.1%) and liquid fuel prices (+47.8%). Electricity prices rebounded year on year (+1.1%), while gas prices slowed slightly in August (+14.3%).

    Food prices accelerated slightly (+1.1%), while service prices slowed (+1.9%).

    Tobacco prices rose year on year at the same rate as the previous month (+3.3%). Over the same period, the decline in manufactured goods prices eased further (−0.4%).

    Core inflation (the year-on-year change in the index) stood at +1.1% in August 2026.

    The Harmonised Index of Consumer Prices (HICP) rose by 0.7% month on month, following a 0.6% increase in July. Year on year, it was up 2.6%.

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