Informations Rapides ·
13 July 2023 · n° 177
In June 2023, consumer prices increased by 0.2% over one month and by 4.5% year on
year Consumer price index - final results - June 2023
- Monthly change: +0.2% in June; year-on-year change: +4.5%
- Smaller core inflation year on year
- Decrease in energy prices year on year
- Slowdown in food prices year on year
- Steady inflation in services year on year
- Slight acceleration in manufactured good prices year on year
- Revisions
- For further information
Monthly change: +0.2% in June; year-on-year change: +4.5%
In June 2023, the Consumer Price Index (CPI) increased by 0.2% over one month, after ‑0.1% in May. The prices of energy were almost stable (+0.1% after ‑3.0% in May), with a slight rebound in petroleum product prices (+0.3% after ‑5.9%). The prices of food increased at the same rate than in the previous month (+0.3%) and those of manufactured goods remained almost stable (+0.1% after +0.0%). The prices of services decelerated slightly (+0.2% after +0.3%) linked with the decline in communication service prices (‑3.0% after +0.2%) and the smaller rise in those of “other services” (+0.4% after +0.6%).
Seasonally adjusted, consumer prices were stable in June 2023, after ‑0.2% in May.
Year on year, consumer prices grew by 4.5% in June 2023, after +5.1% in May. This decrease in inflation resulted from a year-on-year decline in energy prices (‑3.0% after +2.0%), and from a slowdown in food prices (+13.7% after +14.3%). The prices of services increased at the same rate than in the previous month (+3.0%), as those of tobacco (+9.8%), while the prices of manufactured goods accelerated slightly (+4.2% after +4.1%).
Smaller core inflation year on year
Year on year, core inflation decreased, reaching 5.7% in June 2023, after +5.8% in May.
The Harmonised Index of Consumer Prices (HICP) rose by 0.2% in June 2023 over one month, after ‑0.1% in the previous month; year on year, it increased by 5.3%, after +6.0% in May.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | CPI | ISJ | |
|---|---|---|---|
| 2023-06 | 5.3 | 4.5 | 5.7 |
| 2023-05 | 6.0 | 5.1 | 5.8 |
| 2023-04 | 6.9 | 5.9 | 6.3 |
| 2023-03 | 6.7 | 5.7 | 6.2 |
| 2023-02 | 7.3 | 6.3 | 6.1 |
| 2023-01 | 7.0 | 6.0 | 5.6 |
| 2022-12 | 6.7 | 5.9 | 5.3 |
| 2022-11 | 7.1 | 6.2 | 5.3 |
| 2022-10 | 7.1 | 6.2 | 5.0 |
| 2022-09 | 6.2 | 5.6 | 4.5 |
| 2022-08 | 6.6 | 5.9 | 4.7 |
| 2022-07 | 6.8 | 6.1 | 4.3 |
| 2022-06 | 6.5 | 5.8 | 3.7 |
| 2022-05 | 5.8 | 5.2 | 3.7 |
| 2022-04 | 5.4 | 4.8 | 3.3 |
| 2022-03 | 5.1 | 4.5 | 2.6 |
| 2022-02 | 4.2 | 3.6 | 2.5 |
| 2022-01 | 3.3 | 2.9 | 1.7 |
| 2021-12 | 3.4 | 2.8 | 1.9 |
| 2021-11 | 3.4 | 2.8 | 1.6 |
| 2021-10 | 3.2 | 2.6 | 1.4 |
| 2021-09 | 2.7 | 2.2 | 1.3 |
| 2021-08 | 2.4 | 1.9 | 1.3 |
| 2021-07 | 1.5 | 1.2 | 0.2 |
| 2021-06 | 1.9 | 1.5 | 1.1 |
| 2021-05 | 1.8 | 1.4 | 1.0 |
| 2021-04 | 1.6 | 1.2 | 1.0 |
| 2021-03 | 1.4 | 1.1 | 0.9 |
| 2021-02 | 0.8 | 0.6 | 0.4 |
| 2021-01 | 0.8 | 0.6 | 0.9 |
| 2020-12 | 0.0 | 0.0 | 0.2 |
| 2020-11 | 0.2 | 0.2 | 0.4 |
| 2020-10 | 0.1 | 0.0 | 0.3 |
| 2020-09 | 0.0 | 0.0 | 0.5 |
| 2020-08 | 0.2 | 0.2 | 0.5 |
| 2020-07 | 0.9 | 0.8 | 1.4 |
| 2020-06 | 0.2 | 0.2 | 0.3 |
| 2020-05 | 0.4 | 0.4 | 0.6 |
| 2020-04 | 0.4 | 0.3 | 0.3 |
| 2020-03 | 0.8 | 0.7 | 0.7 |
| 2020-02 | 1.6 | 1.4 | 1.3 |
| 2020-01 | 1.7 | 1.5 | 0.9 |
| 2019-12 | 1.6 | 1.5 | 1.1 |
| 2019-11 | 1.2 | 1.0 | 0.9 |
| 2019-10 | 0.9 | 0.8 | 1.0 |
| 2019-09 | 1.1 | 0.9 | 0.9 |
| 2019-08 | 1.3 | 1.0 | 0.7 |
| 2019-07 | 1.3 | 1.1 | 0.9 |
| 2019-06 | 1.4 | 1.2 | 0.9 |
| 2019-05 | 1.1 | 0.9 | 0.5 |
| 2019-04 | 1.5 | 1.3 | 0.7 |
| 2019-03 | 1.3 | 1.1 | 0.5 |
| 2019-02 | 1.6 | 1.3 | 0.7 |
| 2019-01 | 1.4 | 1.2 | 0.6 |
| 2018-12 | 1.9 | 1.6 | 0.7 |
| 2018-11 | 2.2 | 1.9 | 0.7 |
| 2018-10 | 2.5 | 2.2 | 0.8 |
| 2018-09 | 2.5 | 2.2 | 0.7 |
| 2018-08 | 2.6 | 2.3 | 0.9 |
| 2018-07 | 2.6 | 2.3 | 0.8 |
| 2018-06 | 2.3 | 2.0 | 0.8 |
| 2018-05 | 2.3 | 2.0 | 1.0 |
| 2018-04 | 1.8 | 1.6 | 0.9 |
| 2018-03 | 1.7 | 1.6 | 0.9 |
| 2018-02 | 1.3 | 1.2 | 0.7 |
| 2018-01 | 1.5 | 1.3 | 0.8 |
| 2017-12 | 1.2 | 1.2 | 0.6 |
| 2017-11 | 1.2 | 1.2 | 0.5 |
| 2017-10 | 1.2 | 1.1 | 0.5 |
| 2017-09 | 1.1 | 1.0 | 0.5 |
| 2017-08 | 1.0 | 0.9 | 0.5 |
| 2017-07 | 0.8 | 0.7 | 0.5 |
| 2017-06 | 0.8 | 0.7 | 0.4 |
| 2017-05 | 0.9 | 0.8 | 0.3 |
| 2017-04 | 1.4 | 1.2 | 0.5 |
| 2017-03 | 1.4 | 1.1 | 0.4 |
| 2017-02 | 1.4 | 1.2 | 0.2 |
| 2017-01 | 1.6 | 1.3 | 0.6 |
| 2016-12 | 0.8 | 0.6 | 0.4 |
| 2016-11 | 0.7 | 0.5 | 0.6 |
| 2016-10 | 0.5 | 0.4 | 0.5 |
| 2016-09 | 0.5 | 0.4 | 0.7 |
| 2016-08 | 0.4 | 0.2 | 0.4 |
| 2016-07 | 0.4 | 0.2 | 0.5 |
| 2016-06 | 0.3 | 0.2 | 0.7 |
| 2016-05 | 0.1 | 0.0 | 0.7 |
| 2016-04 | -0.1 | -0.2 | 0.6 |
| 2016-03 | -0.1 | -0.1 | 0.7 |
| 2016-02 | -0.1 | -0.2 | 0.7 |
| 2016-01 | 0.3 | 0.2 | 0.9 |
| 2015-12 | 0.3 | 0.2 | 1.0 |
| 2015-11 | 0.1 | 0.0 | 0.9 |
| 2015-10 | 0.2 | 0.1 | 0.8 |
| 2015-09 | 0.1 | 0.0 | 0.6 |
| 2015-08 | 0.1 | 0.0 | 0.5 |
| 2015-07 | 0.2 | 0.2 | 0.6 |
| 2015-06 | 0.3 | 0.3 | 0.6 |
| 2015-05 | 0.3 | 0.3 | 0.5 |
| 2015-04 | 0.1 | 0.1 | 0.4 |
| 2015-03 | 0.0 | -0.1 | 0.2 |
| 2015-02 | -0.3 | -0.3 | 0.2 |
| 2015-01 | -0.4 | -0.4 | 0.1 |
| 2014-12 | 0.1 | 0.1 | -0.1 |
| 2014-11 | 0.4 | 0.3 | -0.2 |
| 2014-10 | 0.5 | 0.5 | 0.0 |
| 2014-09 | 0.4 | 0.3 | 0.1 |
| 2014-08 | 0.5 | 0.4 | 0.3 |
| 2014-07 | 0.6 | 0.5 | 0.1 |
| 2014-06 | 0.6 | 0.5 | 0.1 |
| 2014-05 | 0.8 | 0.7 | 0.3 |
| 2014-04 | 0.8 | 0.7 | 0.5 |
| 2014-03 | 0.8 | 0.6 | 0.5 |
| 2014-02 | 1.1 | 0.9 | 0.8 |
| 2014-01 | 0.8 | 0.6 | 0.2 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
- Source: INSEE
Decrease in energy prices year on year
Year on year, the prices of energy decreased by 3.0% in June 2023, after +2.0% in May. The decline in petroleum product prices was more marked than in the previous month (‑17.2% after ‑9.7%) due to a “base effect” (they had soared in June 2022): the prices of diesel dropped again (‑18.8% after ‑11.3%), as those of petrol (‑11,3% after ‑2.4%) and liquid fuel (‑30.7% after ‑24.6%). The prices of solid fuel slowed down (+28.7% after +32.9%), as those of electricity (+10.1% after +11.3%), while those of gas accelerated slightly (+22.0% after +21.6%).
Slowdown in food prices year on year
Year on year, food prices rose by 13.7% in June 2023, after +14.3% in May. Excluding fresh products, food prices slowed down for the second month in a row (+14.1% after +14.9%). The increase in prices softened for bread and cereals (+14.1% after +14.8%), meat (+11.9% after +13.4%), milk, cheese and eggs (+19.8% after +20.7%), oils and fats (+15.9% after +20.3%), sugar, jam, honey, chocolate and confectionery (+16.3% after +16.8%) and non-alcoholic beverages (+13.6% after +13.9%). On the contrary, the prices of alcoholic beverages accelerated slightly (+8.8% after +8.7%). The prices of fresh products increased at a brisker rate in June 2023 (+11.2% after +10.7% in May), due to the acceleration in fresh fruits prices (+9.0% after +7.0%). Contrariwise, those of fresh vegetables (+17.0% after +18.0%) and fresh fish (+3.4% after +4.9%) slowed down.
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2023 | June 2023 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 117.65 | 0.2 | 4.5 |
| Overall SA(1) | 10000 | 117.30 | 0.0 | 4.5 |
| Food | 1624 | 130.72 | 0.3 | 13.7 |
| Fresh food | 238 | 151.38 | 0.1 | 11.2 |
| Other food | 1386 | 127.47 | 0.3 | 14.1 |
| Tobacco | 185 | 171.07 | 0.0 | 9.8 |
| Manufactured products | 2322 | 105.48 | 0.1 | 4.2 |
| Clothing and footwear | 341 | 108.08 | 0.3 | 4.9 |
| Medical products | 384 | 85.55 | -0.1 | -0.7 |
| Other manufactured products | 1597 | 110.14 | 0.1 | 5.3 |
| Energy | 857 | 151.19 | 0.1 | -3.0 |
| of which petroleum products | 432 | 145.21 | 0.3 | -17.2 |
| Services | 5012 | 113.12 | 0.2 | 3.0 |
| Rents, water and household refuse collection | 744 | 108.02 | 0.1 | 2.8 |
| Health services | 639 | 101.68 | 0.0 | -0.6 |
| Transport | 301 | 124.54 | 1.6 | 6.0 |
| Communication | 208 | 97.14 | -3.0 | -4.2 |
| Other services | 3120 | 117.68 | 0.4 | 4.0 |
| Total except rents and tobacco | 9219 | 117.62 | 0.2 | 4.6 |
| Total except tobacco | 9815 | 116.75 | 0.2 | 4.4 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9718 | 116.00 | 0.1 | 4.3 |
| c) Households in the first quintile of the living standards distribution | ||||
| All products excluding tobacco | 9700 | 116.70 | 0.1 | 4.6 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France
- Source : INSEE – Consumer Price Indices
Steady inflation in services year on year
Year on year, service prices rose by 3.0% in June 2023, the same rate than in the previous month. The prices of “other services” accelerated (+4.0% after +3.7%): on the one hand, those of insurance services (+3.6% after +1.8%), social protection services (+4.5% after +4.3%) and accommodation services (+5.1% after +4.8%) accelerated, and on the other hand the decrease in the recreational and cultural services softened (‑6.2% after ‑6.8%). Contrariwise, the prices in catering services (+5.6% after +5.8%), in maintenance and repair of the dwelling services (+5.4% after +5.8%) and personal transport equipment (+8.0% after +8.7%) slowed down. The prices of housing-related services accelerated slightly (+2.8% after +2.7%). Those of transport services slowed down (+6.0% after +8.0%), notably airfares (+9.9% after +16.3%), transport by road (+4.7% after +6.3%) and transport by train (+8.5% after +8.7%). Finally, the prices of health services declined at a rate close to that of the previous month (‑0.6% after ‑0.5%) and the decrease in communication service prices accentuated (‑4.2% after ‑1.3%).
Slight acceleration in manufactured good prices year on year
Year on year, manufactured good prices increased by 4.2% in June 2023, after +4.1% in May. The prices of clothing and footwear increased at a brisker rate than in the previous month (+4.9% after +2.6%), notably due to a lag in the calendar of the summer sales, which started on 28 June in 2023 and on 22 June in 2022. The prices of “other manufactured goods” slowed down (+5.3% after +5.6%), notably those of furniture and furnishings (+5.9% after +7.3%), major household appliances (+2.4% after +2.6%), glassware, tableware and household utensils (+8.6% after +9.1%), vehicles (+4.1% after +4.6%) and articles and products for personal care (+9.5% after +9.6%). Contrariwise, the prices of equipment for sport increased (+3.9% after +3.1%), as those of garden products, plants and flowers (+6.2% after +4.7%). Finally, the prices of health products decreased at a rate close to that of the previous month (-0.7% after -0.6%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2023 | June 2023 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 6057 | 114.28 | 0.1 | 5.7 |
| Food excluding fresh products, meat, milk and exotic products | 766 | 123.40 | 0.4 | 13.5 |
| Manufactured products | 1899 | 108.75 | 0.1 | 5.2 |
| Services including actual rentals and services for dwellings | 3392 | 115.62 | 0.1 | 4.0 |
| HICP - All items | 10000 | 120.71 | 0.2 | 5.3 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared to the provisional estimates published on 30 June 2023, the month-on-month and year-on-year changes in CPI and HICP have been confirmed.
For further information
Next publication of final results: 11 August 2023 at 8:45
Documentation
CPI: methodological changes for 2023 (pdf,188 Ko)
Abbreviated Methodology (pdf,131 Ko)
Pour en savoir plus
Next publication of final results: 11 August 2023 at 8:45