France's Year-on-Year Inflation Rate Holds Steady at 0.9% in November 2025

In November 2025, France’s consumer price inflation rate remained stable at 0.9% year-on-year, unchanged from October, according to the National Institute of Statistics and Economic Studies (Insee). This steadiness is largely attributed to a slowdown in service price rises alongside a significant drop in prices for manufactured goods. Economic indicators showed positive momentum with the Gross Domestic Product (GDP) growing by 0.5% in the third quarter, fueled by a notable 3.2% increase in exports.

Household purchasing power, however, has declined significantly when adjusted per consumption unit. Despite this, household consumption spending showed resilience: in October, expenditures rose by 0.4%, following a 0.3% increase in September. The energy consumption category saw a substantial 1.4% growth due primarily to increased gas and electricity use amid cooler weather, while food consumption also increased by 0.4%. Meanwhile, spending on manufactured goods stabilized after previous growth, and durable goods barely increased by 0.1%, with transportation equipment purchases, especially new vehicles, being the main driver.

Some spending categories reflected contraction; tobacco consumption declined for the sixth consecutive month, and apparel and textile expenditures decreased slightly by 0.1%. These trends illustrate a cautious yet persistent consumer demand despite the decline in purchasing power.

Overall, the data point to a balanced inflation scenario with steady economic growth and nuanced shifts in consumer spending patterns in France as of late 2025.