According to the provisional estimate from Insee, over a year, the Consumer Price Index (CPI) should slow down slightly in July 2019 after an acceleration in the previous month (+1.1% after +1.2% in June and +0.9% in May). This slight drop in inflation over a year should result from a slowdown in the prices of energy, services and tobacco. Contrariwise, food prices should be more dynamic than in June and those of manufactured goods should decrease barely less.

Over one month, consumer prices should fell back by 0.2% in July, after +0.2% in June. The prices of manufactured goods and tobacco should fell, due to the summer sales. Those of energy should drop more than in the previous month. Services prices should gather pace, due to the stronger rise in the prices of transport and “other services” transport. Finally, tobacco prices should increase slightly.

Year on year, the Harmonised Index of Consumer Prices should slow down (+1.3% after +1.4% in June). Over one month, it should fell back by 0.2%, after +0.3% in the previous month.