FX.co ★ France’s Inflation Stalls at 0.9%

In November 2025, France's annual inflation rate remained consistent at 0.9%, unchanged from October, and slightly below the anticipated 1%, according to initial estimates. There was a deceleration in service prices to 2.2% from 2.4%, primarily attributed to reduced costs in communication services. Additionally, there was a more pronounced decline in the prices of manufactured goods, which fell by 0.6% following a 0.5% drop previously. These declines were partly balanced by a less steep reduction in energy prices, which decreased by 4.6% compared to the previous 5.6% fall, and a marginal increase in food inflation to 1.4% from 1.3%. Tobacco prices are projected to rise by 4.1%, consistent with October's rate. On a monthly basis, the Consumer Price Index (CPI) decreased by 0.1%, reversing a 0.1% increase in October. This reduction was largely driven by falling service prices, notably in transportation and communication, as well as moderately lower prices for manufactured goods. Meanwhile, the EU-harmonised Consumer Price Index (CPI) increased by 0.87% compared to the previous year, maintaining the same rate as in October and remaining below the 1% forecast. It saw a 0.2% decline from the prior month, following a 0.1% rise in October.