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2026.07.1006:45:00UTC+00French Inflation Gauge Turns Negative as June HICP Falls 0.3% Month-on-Month

France’s Harmonised Index of Consumer Prices (HICP) slipped into negative territory in June 2026, with month-on-month inflation coming in at -0.3%, according to data updated on 10 July 2026. This marks a reversal from the previous monthly reading of 0.1%, based on a comparison of June’s price levels with those of May, and the prior month’s change versus its preceding month.

The latest figure indicates that, on a month-over-month basis, consumer prices in France declined in June after a modest increase in the previous comparison period. While the data reflect only short-term price dynamics, the move from slight inflation to a monthly decline could draw attention from policymakers and market participants watching for signs of weakening price pressures within the euro area’s second-largest economy.

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