In April 2015, French consumer prices rose slightly (+0.1% after +0.7% in March). Year-on-year, they also increased by 0.1% after having diminished for three months in a row (-0.1% in March, -0.3% in February and -0.4% in January).
The slight rise in consumer prices in April 2015 was due mainly to increases, partially seasonal, in prices of some services and manufactured products and to firmer petroleum product prices. Overall, food prices remained flat.
Prices of manufactured goods increased slightly in April 2015 (+0.1%) but remained on a downward trend year-on-year (-0.9%). For clothing and footwear, the introduction of new collections was accompanied by price increases as every year in April (+0.6%; -0.5% year-on-year as in March). Prices of many other products grew significantly, as audio-visual, photographic and information processing equipments (+0.6%; -5.1% year-on-year), jewellery, clocks and watches (+0.9%; +1.1% year-on-year), bedding (+1.8%; -0.1% year-on-year), furniture for bedroom (+0.5%; +1.4% year-on-year), plants and flowers (+2.0%; +5.5% year-on-year) as well as periodicals (+0.9%; +3.6% year-on-year). On the opposite, prices of new cars decreased (-0.7%; stable year-on-year) due to promotional offers. Finally, health product prices continued to decrease but at a more moderate pace than during the previous months (-0.1% in April; -2.9% year-on-year after -3.2% in March).
|base 100: year 1998|
|Source: INSEE - Consumer Price Indexes|
|2015||April 2015||m-on-m change||y-on-y change|
|a) All households - France|
|All items (00 E)||10000||128.27||0.1||0.1|
|All items SA (00 C)||10000||127.96||0.2||0.1|
|Food (4000 E)||1662||132.37||0.0||0.3|
|Fresh food (4001 E)||211||146.28||0.0||6.2|
|Food excluding fresh products (4002 E)||1451||130.43||0.0||-0.6|
|Tobacco (4034 E)||199||259.28||0.0||0.3|
|MANUFACTURED PRODUCTS (4003 E)||2584||100.26||0.1||-0.9|
|Clothing and footwear (4004 E)||437||111.22||0.6||-0.5|
|Medical products (4005 E)||427||76.54||-0.1||-2.9|
|Other manufactured products (4006 E)||1720||103.76||0.1||-0.6|
|ENERGY (4007 E)||815||172.67||0.2||-3.4|
|Petroleum products (4008 E)||418||185.14||0.3||-8.2|
|SERVICES (4009 E)||4740||137.35||0.1||1.2|
|Actual rentals and services for dwellings (4010 E)||767||143.57||0.1||0.9|
|Medical services (4011 E)||568||122.84||0.1||0.4|
|Transport and communication services (4012 E)||510||97.55||1.5||1.1|
|Other services (4013 E)||2895||148.15||-0.1||1.5|
|ALL ITEMS EXCLUDING RENTALS AND TOBACCO (5000 E)||9192||125.67||0.1||0.0|
|ALL ITEMS EXCLUDING TOBACCO (4018 E)||9801||126.35||0.1||0.1|
|b) Manual or clerical worker headed urban households - France|
|ALL ITEMS EXCLUDING TOBACCO (4018 D)||9714||126.16||0.2||0.1|
|ALL ITEMS (00 D)||10000||128.97||0.1||0.1|
|c) Households that belong to the lowest equivalized disposable income quintile - France|
|ALL ITEMS EXCLUDING TOBACCO (4018 Q)||9687||127.43||0.2||0.0|
|* ISJ : Core inflation indicator excludes public sector prices, the most volatile consumer prices and the tax measures. Seasonally adjusted, this index is calculated for all households in France excluding overseas departments and territories (base 100 1998).|
|**HICP : Harmonised Indices of Consumer Prices are inflation figures designed for international comparison of consumer price inflation between Member states of the European Union. This index is calculated for all households in France (base 100 2005).|
|Source : INSEE - Consumer Price Indexes|
|2015||April 2015||m-on-m change||y-on-y change|
|All items "Core inflation" (4022 S)||6042||122.95||0.1||0.4|
|Food excluding fresh products, meat, milk and exotic products (4019 S)||715||124.73||0.0||-0.6|
|Manufactured products (4020 S)||2103||104.3||-0.1||-0.7|
|Services including actual rentals and services for dwellings (4021 S)||3224||140.8||0.3||1.3|
|All items HICP (00 H)||116.03||0.1||0.1|
Consumer price index (IPC) and Core inflation (ISJ) – year-on-year changes
Source : INSEE - Consumer Price Indexes
In April 2015, service prices grew slightly (+0.1%; +1.2% year-on-year). As last year, airfares bounced back due to spring holidays (+8.0%; -1.7% year-on-year), as well as rentals for vacation (+1.6%;+1.2% year-on-year). On the other hand, also in a seasonal manner, prices of the other tourism-related services went down in April after their large increase in March, such as prices of accommodation
services (-6.6%; +1.6% year-on-year). Moreover, service charges for insurance rose significantly (+1.2%; +2.3% year-on-year) due to the end of special discounts on vehicle insurance and a sharp rise in complementary health insurances.
In April 2015, energy prices increased again, but in a lesser manner than during the last months (+0.2 % after +1.0% in March and +2.1% in February). Year-on-year, they still decreased by 3.4%. They followed the rise of the petroleum product prices (+0.3% after +2.9%; -8.2% year-on-year), especially those of fuels (+0.5% in April, -7.2% year-on-year). Moreover, gas prices were also up slightly in April (+0.5%; -1.4% year-on-year) while electricity prices were stable (+4.3% year-on-year).
Food prices were flat in April 2015 (+0.3% year-on-year). Prices of fresh foodstuffs remained broadly unchanged in April (+6.2% year-on-year) : prices of fresh vegetables (+0.5%; +9.9% year-on-year) and those of fresh fish and seafood (+2.0%; +6.3% year-on-year) rose again while those of fresh fruits declined seasonally (-1.2%; +2.3% year-on-year). Overall, prices of the other food products (excluding unprocessed food) were also stable in April 2015 (-0.6% year-on-year) with, although, varying trends according to groups of products : prices of milk, cheeses, eggs, vegetable preparations and mineral waters declined again while those of wines continued to increase.
In April 2015, the core inflation indicator (ISJ) grew by 0.1%, as in March. Year-on-year, it increased by 0.4% (after +0.2% in March). The harmonized Index of Consumer Prices (HICP) was up 0.1% in April over a month and year-on-year (after 0.0% year-on-year in March).
n° 116 - May 13, 2015
Consumer price index - April 2015
Next issue June 11, 2015 08:45 - May 2015
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