Informations Rapides · 10 July 2026 · n° 168

In June 2026, consumer prices rose by 1.8% year on year Consumer price index - final results - June 2026

In June 2026, the Consumer Price Index (CPI) fell by 0.3% over one month, after +0.1% in May. This decrease in prices was explained by the sharp downturn in those of energy (‑4.2% after +0.6%), driven by the prices of petroleum products (‑7.0% after ‑1.9%). Food prices decreased over a month (‑0.3% after +0.3%). Those of manufactured products (‑0.4% after +0.1%) decreased too, mainly due to calendar effects: in 2026, three days of seasonal sales fall within the period used to calculate June inflation, compared to none in 2025 (cf. note of methodological changes for 2026). Conversely, the prices of services increased over one month (+0.5% after stability), as they do every year at this period.

Seasonally adjusted, consumer prices fell back over a month by 0.4% in June 2026, after +0.3% in May.

Year on year, consumer prices rose by 1.8% in June 2026 after +2.4% in May. This fall in inflation was due to the sharp slowdown in prices of energy (+11.0% after +16.6%). The fall in prices of manufactured products intensified (‑1.1% after ‑0.6%), partly due to calendar effects related to seasonal sales. The prices of services slowed down slightly over a year (+1.9% after +2.1%), as did those of food (+0.9% after +1.1%). Conversely, those of tobacco rose over a year at a slightly faster pace than in the previous month (+3.3% after +3.2%).

Year on year, core inflation (year-on-year change in the index) stood at +1.0% in June 2026, after +1.5% in May. As energy is excluded from the core inflation measure, its slowdown is not factored into this index. The sharp decline in core inflation stemmed primarily from the slowdown in air transport prices and cyclical price decreases in clothing, insurance, and bundled telecommunication services.

The Harmonised Index of Consumer Prices (HICP) decreased by 0.3% over one month, after +0.1% in May. Year on year, it rose by 2.0% after +2.8% in May.

This month, the difference between the year-on-year changes in the HICP and the CPI was 0.26 points: 0.24 points of this gap were due to differences in the weightings of the two indices, and 0.02 points were due to differences in the trends between net and gross prices.

Year on year, energy prices slowed down, but remained significantly higher than they were a year ago: +11.0% in June 2026, after +16.6% in May.

The prices of petroleum products slowed down sharply over one year while remaining sharply up (+19.7% after +31.1%), mirroring those of diesel (+23.2% after +38.0%), petrol (+14.4% after +21.8%), and liquid fuel (+37.9% after +57.4%).

The prices of gas slowed down in June 2026 (+10.4% after +11.3%).

Conversely, the prices of electricity fell again at a slightly slower pace over a year (‑0.7% after ‑0.8%).

Year on year, the prices of manufactured products fell at a faster pace (‑1.1% after ‑0.6%), partly due to a calendar effect: in 2026, three days of seasonal sales fall within the period used to calculate June inflation, compared to none in 2025 (cf. note of methodological changes for 2026).

The prices of clothing and footwear decreased over one year (‑2.3% after stability), due to the greater number of sales days in June 2026 than in June 2025.

The prices of “other manufactured products” fell over a year by 0.3%, after ‑0.1% in May. The prices of articles and products for personal care slowed down (+0.5% after +0.6%), as did those of furniture and furnishings (+0.6% after +1.0%), parts for personal transport (+0.1% after +0.8%), newspapers and periodicals (+2.0% after +2.4%) and jewellery and watches (+12.1% after +13.3%). The prices of information and communication equipment fell at a faster pace (‑3.3% after ‑3.1%), as did those of major household appliances (‑2.6% after ‑2.0%). Prices of non-durable household goods fell at a slower pace than in the previous month (‑1.0% after ‑1.6%). Those of vehicles were stable (after ‑0.4%).

Year on year, the decline in health products prices almost remained the same (‑3.5% after ‑3.4%).

Year on year, the prices of services decelerated: +1.9% after +2.1% in May.

The prices of transport slowed down sharply over one year (+0.6% after +3.8%), as did those of airfares (+0.8% after +6.8%) and, to a lesser extend, those of transport by train (+1.1% after +2.4%); the prices of transport by road fell back (‑0.4% after +1.2%).

The prices of communication services slowed down over a year (+7.7% after +9.5%), due to a base effect: prices increased less sharply in June 2026 (+0.7%) compared with June 2025 (+2.5%).

The prices of “other services” rose over one year at the same pace as they did in May (+2.1%), reflecting those of services for the maintenance, repair and security of the dwelling (+1.9%). The slowdown in insurance services (+2.9% after +4.8%) and catering (+1.8% after +1.9%) was offset by the acceleration in those of social protection (child care services, retirement homes for elderly persons and residences for disabled persons, services to maintain people in their private homes; (+2.8% after +1.3%), and accommodation services (+6.3% after +6.1%).

The prices of health services accelerated over one year (+0.4% after +0.2%), as did those of rents, water and household refuse collection (+2.0% after +1.8%).

Year on year, food prices decelerated slightly for the fifth month in a row: +0.9% after +1.1% in May.

The prices of food excluding fresh products slowed down (+0.6% after +0.8%), especially those of meat (+2.6% after +2.9%), non-alcoholic beverages (+1.3% after +2.1%), alcoholic beverages (stables after +0.4%), bread and cereals (+0.1% after +0.2%), milk, other dairy products and eggs (+0.3% after +0.5%), and sugar, jam, honey, chocolate and confectionery (+0.8% after +0.9%). Prices of oils and fats decreased at a slower pace than in the previous month (‑1.3% after ‑1.7%).

The prices of fresh food also slowed down over one year (+2.7% after +3.4%), as did those of “other fresh fruit” (melons, watermelons, etc.; +2.4% after +11.4%), and “other fresh vegetables” (carrots, turnips, garlic, onions, leeks, etc.; +0.6% after +2.0%). Conversely, the prices of fresh fruit-bearing vegetables (tomatoes, zucchini, etc.) accelerated over one year (+13.4% after +9.2%), as did those of fresh leafy or stem vegetables (salads, endives, etc.; +3.7% after +2.4%), and fresh citrus fruit (+4.6% after +4.0%). Prices of dates, figs and tropical fruits decreased at a slower pace (‑1.8% after ‑2.4%), as did those of fresh stone fruits and pome fruits (‑3.2% after ‑3.3%).

Year on year, in hyper and supermarkets, the prices of industrial food, cleaning and hygiene/beauty products remained almost stable in June, as they did in May (-0.1%). Those of industrial food were stable (after +0.1%). The prices of cleaning and hygiene/beauty products sold in hyper and supermarkets fell again at a slightly slower pace than in the previous month (‑0.8% after ‑1.1%).

Compared to the provisional estimates published on 30 June 2026, CPI month-on-month change has been revised downwards by 0.1 percentage points. Its year-on-year change has been confirmed, as both year-on-year and month-on-month changes in HICP.