FX.co ★ French Inflation Rebounds in July as CPI Swings Back Into Positive Territory

France’s consumer price index (CPI) moved back into positive territory in July 2026, rising 0.6% month-over-month after a 0.3% decline in the previous month, according to data updated on 14 August 2026.

The sharp swing from -0.3% to 0.6% on a month-over-month basis signals a clear rebound in price pressures compared with the prior period, when prices had contracted versus the month before. The current reading compares the change in prices in July to June 2026, while the earlier -0.3% reflected the shift from May to June.

The turnaround suggests that the brief dip in consumer prices seen in the previous month did not persist into July, with inflation dynamics in France re-accelerating on a short-term basis. Investors and policymakers will be watching subsequent releases closely to determine whether this marks the start of a renewed inflation trend or a one-off adjustment.