France Rent Reference Index (IRL): Quarterly Data Since 2002
The rent reference index (indice de référence des loyers, IRL) is the only index French law allows a landlord to use when revising the rent of a primary residence. INSEE publishes it quarterly, in base 100 at the fourth quarter of 1998, and it is derived from the twelve-month moving average of the consumer price index excluding tobacco and excluding rents. This Eco3min dataset provides the full metropolitan France series, 95 quarterly observations from the fourth quarter of 2002 to the second quarter of 2026, as a single downloadable file.
Dataset: France Rent Reference Index — IRL (2002–2026) · Updated 2026-04-01
Source: INSEE · rent reference index, metropolitan France, base 100 = Q4 1998
Macro Takeaway
The IRL exists to cap the indexation of rents, and it does so by construction rather than by discretion: because it tracks a twelve-month moving average of consumer prices excluding rents, it lags the inflation it is meant to follow and smooths out spikes. That design has a measurable consequence. Between the fourth quarter of 2002 and the second quarter of 2026, the IRL rose 40.5% while the consumer price index over the same span rose 48.5% — legally indexed rents have trailed consumer prices by roughly eight points over twenty-four years.
The 2022–2023 episode added a discretionary cap on top of the structural one. As inflation accelerated, the IRL year-over-year rate reached 3.60% in the second quarter of 2022, at which point a statutory rent shield capped quarterly variations at 3.5% until mid-2024. The index has since decelerated to 148.37 in the second quarter of 2026, up 1.15% year-over-year after 0.78% the previous quarter — the first re-acceleration since the disinflation began.
Dataset Overview
| Indicator | France Rent Reference Index — IRL (2002–2026) |
|---|---|
| Geography | Metropolitan France |
| Frequency | Quarterly |
| Period | Q4 2002 – Q2 2026 (95 observations) |
| Variables | date, irl_index |
| Format | CSV, Excel (XLSX), JSON |
| Sources | INSEE — rent reference index (IRL), metropolitan France |
| Last updated | 2026-04-01 |
Dataset Variables
The CSV, Excel and JSON files contain the following columns.
| Column | Type | Description |
|---|---|---|
date | Date (YYYY-MM-DD) | First day of the reference quarter |
irl_index | Float | Rent reference index, metropolitan France, base 100 = fourth quarter 1998 |
Column names match the CSV headers exactly.
Download the Complete Dataset
The full IRL series is available in CSV and Excel formats.
Direct Data Access
INSEE publishes each quarterly IRL release individually and in its BDM database; the value is also published in the Journal officiel. The Eco3min structured dataset returns the whole history as one file:
Direct CSV Access — Eco3min Structured Dataset
https://eco3min.fr/dataset/fr/fr-rent-reference-index.csv
This URL returns the complete dataset in CSV format. It can be used directly in pandas, R, curl, or any data tool. JSON and XLSX are available at the same path with the corresponding extension.
Using the Dataset in Python
import pandas as pd url = "https://eco3min.fr/dataset/fr/fr-rent-reference-index.csv" df = pd.read_csv(url, parse_dates=["date"]) print(df.head()) print(df["irl_index"].describe())
Using the Dataset in R
library(readr) url <- "https://eco3min.fr/dataset/fr/fr-rent-reference-index.csv" df <- read_csv(url) head(df) summary(df$irl_index)
Both examples load the dataset directly from the URL — no download or API key required.
Methodology
The series is retrieved daily by an Eco3min pipeline from INSEE’s BDM time-series database. INSEE publishes the IRL roughly ten days after the end of the reference quarter — the second quarter 2026 index was released on 10 July 2026 — and the value is subsequently published in the Journal officiel.
No transformation is applied: the published index is the index, rounded by INSEE to two decimals. One scope note matters for reuse. Since the third quarter of 2022, INSEE publishes two additional IRL series for the overseas departments and regions covered by Article 73 of the Constitution and for Corsica, which carry their own values. This dataset contains the metropolitan France index only, which is the one applicable to the large majority of leases.
Historical Regimes
- 2002–2005 — before the IRL existed. The series is backcast to the fourth quarter of 2002 at 105.61. The IRL itself was only created by the law of 26 July 2005, replacing the construction cost index, which had proved far more volatile than consumer prices and had produced sharp rent increases.
- 2008–2009 — the first stress test. The index reached 117.03 in the third quarter of 2008, up 2.95% year-over-year, then the moving-average construction pulled the rate to virtually zero (−0.06% in the fourth quarter of 2009) as consumer prices fell. Rents were mechanically frozen without any policy decision.
- 2010–2020 — the flat decade. From roughly 118 to 130.57, tracking a consumer price index that itself gained barely 1% per year. Over this period the IRL was rarely a political subject, precisely because it produced no visible increase.
- 2021–2024 — inflation and the rent shield. The year-over-year rate reached 3.60% in the second quarter of 2022, its series high. A statutory cap held quarterly variations at 3.5% until mid-2024; without it the index would have risen faster, since the underlying consumer price index was running above 6% at the peak.
- 2025–2026 — deceleration, then a rebound. The annual increase fell steadily from 1.40% in the first quarter of 2025 to 0.78% in the first quarter of 2026, before rising to 1.15% in the second quarter of 2026 at an index level of 148.37. The rebound reflects a base effect in the twelve-month consumer price average rather than a change in underlying rent dynamics.
Related Macroeconomic Datasets
- France Consumer Price Index — the index the IRL is derived from
- France House Price Index — the price side of the same market
- France Inflation Rate — the rate the IRL smooths
- France Real House Price Index — prices deflated by the same CPI
Related Research
Macroeconomic Dataset Hub
This dataset is part of the Eco3min macro-financial data repository.
Explore the Eco3min Dataset Hub
Sources
- INSEE — rent reference index (IRL), metropolitan France, base 100 = fourth quarter 1998. Dataset IRL, retrieved from the INSEE BDM time-series database.
- Legal basis: Article 35 of law no. 2005-841 of 26 July 2005, as amended by Article 9 of law no. 2008-111 of 8 February 2008.
- Reuse: INSEE public statistics may be reused, including commercially, subject to acknowledgement of the source and preservation of the integrity of the information.
Dataset Reference
Last updated — 4 August 2026
Disclaimer – Financial Information: The analyses, commentary, and content published on eco3min.fr are provided for informational and educational purposes only. They do not constitute investment advice or a solicitation to buy or sell financial instruments. Past performance is not indicative of future results. All investment decisions involve risk and are the sole responsibility of the reader.
