Istat: zero price growth in June, inflation falls to 3%
France: inflation at 1.8% in June due to ‘a sharp slowdown in energy prices, particularly for petroleum products’
According to preliminary estimates from Istat, in June 2026, the national consumer price index for the whole population (NIC), excluding tobacco, showed no change month-on-month and a year-on-year increase of +3% (down from +3.2% the previous month). This was announced by the Institute.
The slight slowdown in inflation reflects price trends for unprocessed food (from +5.5% to +4.5%), recreational, cultural and personal care services (from +3.0% to +2.7%) and transport-related services (from +1.7% to +1.1%); by contrast, prices for energy – both regulated (from +5.6% to +9.3%) and unregulated (from +12.5% to +12.9%) – are rising. In June – Istat explains further – ‘core inflation’, excluding energy and fresh food, fell slightly (from +1.7% to +1.6%), as did the rate excluding energy alone (from +2.1% to +2.0%).
Prices of goods remain stable year-on-year (at +3.4 per cent), whilst those of services have slowed (from +2.8 per cent to +2.6 per cent). Consequently, the spread between the services and goods sectors stands at -0.8 percentage points (from -0.6 p.p.). The year-on-year rate of change in prices for food, household and personal care products has fallen (from +1.9% to +1.6%), as has that for frequently purchased goods (from +4.4% to +4.1%). The month-on-month change in the overall index reflects, on the one hand, the fall in prices of unprocessed food (-1.4%) and unregulated energy products (-0.3%), and, on the other hand, the rise in prices for recreational, cultural and personal care services (+0.6%), transport services (+0.5%) and regulated energy products (+0.3%). Core inflation for 2026 remains at +2.6% for the overall index and rises to +1.7% for the core component. According to preliminary estimates, the Harmonised Index of Consumer Prices (HICP) recorded a change of +0.1% month-on-month and +3.1% year-on-year (down from +3.2% in the previous month).
Inflation slows in France
In June, consumer prices rose by 1.8 per cent year-on-year, a sharp slowdown compared with the 2.4 per cent increase recorded in May, driven by a fall in energy prices. This was announced by INSEE, the national statistics office.
