FX.co ★ French HICP Inflation Ticks Up to 2.8% in May, Marking Year-on-Year Acceleration

France’s Harmonised Index of Consumer Prices (HICP) rose to 2.8% year-on-year in May, edging up from 2.5% previously, according to data updated on 12 June 2026. The indicator, calculated on a harmonised basis to allow comparison across the euro area, signals a modest re-acceleration in inflation pressures.

Both the current and previous readings refer to May 2026, with the “actual” figure comparing price growth this May to the same month a year earlier, while the “previous” figure measures April’s year-on-year change. The move from 2.5% to 2.8% suggests that, after earlier moderation, consumer price growth in France has gained some momentum heading into mid-2026, a development likely to be closely monitored by markets and policymakers tracking the eurozone’s inflation path.