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The inflation rates of energy commodity prices in France began to increase significantly in 2021 and continued to rise throughout 2022. Liquid fuels have seen the steepest rise, with the inflation rate peaking at 89.9 percent in June 2022. These increases in inflation were driven further by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility.

Harmonized index of consumer prices (HICP) energy inflation rate in France from January 2019 to February 2023, by commodity

Characteristic	Energy	Gas	Liquid fuels	Electricity
Feb '23	14%	33.5%	14%	10.1%
Jan '23	16.4%	35.4%	28.7%	3.1%
Dec '22	15.3%	27.3%	37.8%	7.3%
Nov '22	19%	30%	51.6%	9.8%
Oct '22	20%	31.7%	66.7%	8.8%
Sep '22	18.8%	28.2%	71.1%	10.6%
Aug '22	23.3%	34.6%	69%	7.7%
Jul '22	28.9%	38.6%	83.5%	8.2%
Jun '22	33.8%	44.4%	89.9%	7.6%
May '22	28.8%	49.2%	78.8%	6.5%
Apr '22	27.1%	48.4%	80.8%	6.9%
Mar '22	29.8%	37.1%	84%	6%
Feb '22	22%	42.3%	43.4%	4.9%
Jan '22	20.5%	45.4%	37.8%	3.9%
Dec '21	19.3%	45.4%	37.3%	3.1%
Nov '21	21.9%	45.2%	50.5%	3.3%
Oct '21	20.2%	43.9%	44.1%	2.6%
Sep '21	15%	33.8%	27.8%	2.2%
Aug '21	12.7%	27.2%	23.3%	2.2%
Jul '21	12.3%	24.1%	22.4%	3.1%
Jun '21	10.9%	14.7%	19.6%	3.1%
May '21	11.5%	10.2%	23.7%	3.1%
Apr '21	8.6%	8.5%	12.9%	3%
Mar '21	4.6%	8%	2.8%	3%
Feb '21	-1.6%	1%	-8.8%	3%
Jan '21	-5.8%	-3.3%	-18.9%	3.8%
Dec '20	-6.9%	-4.4%	-21.9%	3.8%
Nov '20	-7.7%	-4.9%	-24.2%	3.8%
Oct '20	-7.7%	-4.1%	-26%	3.8%
Sep '20	-7.9%	-9%	-22.9%	3.9%
Aug '20	-7.1%	-9.8%	-20.2%	3.9%
Jul '20	-7.4%	-10.7%	-19.6%	3.6%
Jun '20	-9.2%	-14.3%	-20.6%	3.6%
May '20	-10.9%	-13.6%	-27.7%	9.7%
Apr '20	-8.5%	-13.2%	-20.7%	9.7%
Mar '20	-4%	-12.1%	-12%	9.7%
Feb '20	0.9%	-9.4%	-3.2%	9.7%
Jan '20	4.2%	-7%	8.1%	7.3%
Dec '19	2.4%	-8.1%	0.2%	7.3%
Nov '19	-0.7%	-10.2%	-6.6%	7.3%
Oct '19	-1.7%	-7.8%	-4.5%	7.3%
Sep '19	0.1%	-3.4%	-1.8%	7.3%
Aug '19	0.7%	-2.2%	-0.5%	7.3%
Jul '19	0.8%	-1.8%	-0.3%	5.6%
Jun '19	2.4%	9.9%	-0.2%	5.6%
May '19	3.4%	12.2%	6%	-0.3%
Apr '19	4.8%	13%	9.4%	-0.3%
Mar '19	5.1%	14.4%	11.3%	-0.3%
Feb '19	3.3%	11.5%	8.2%	-0.3%
Jan '19	2%	12.2%	2.6%	0.2%

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Release date

March 2023

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Region

France

Survey time period

January 2019 to February 2023

Supplementary notes

According to the source, the Harmonized Indices of Consumer Prices (HICP) measure changes in the prices of consumer goods and services over time. These indices provide comparable measures of inflation.

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