France’s inflation rate excluding tobacco slowed notably in June 2026, underscoring a further easing of price pressures in the euro area’s second-largest economy.
Year-over-year, inflation ex-tobacco stood at 1.70% in June, down from 2.40% in May 2026. Both readings compare prices in each respective month to the same month a year earlier, indicating that the pace of annual price increases has decelerated between May and June.
The latest figures, updated on 10 July 2026, suggest that underlying price growth in France is moderating, potentially easing pressure on household budgets and shaping expectations for economic policy in the months ahead.