France’s consumer price index (CPI) on a non-seasonally adjusted basis remained unchanged in January 2026, with the annual rate of inflation holding at 0.30% year-on-year. The figure mirrors the December 2025 reading of 0.30%, indicating a stable but very low inflation environment at the start of the year.
According to the latest data update on 18 February 2026, the January print represents a comparison of price changes in January 2026 relative to January 2025, while the December figure reflected changes versus December 2024. The unchanged year-on-year rate suggests that, at least for now, price pressures in France are neither accelerating nor easing significantly compared with late 2025.
For market participants and policymakers, the flat reading at such a modest level may reinforce expectations of subdued inflation dynamics in the near term, pending further data on growth, wages and energy prices in the months ahead.
