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Consumer prices increased by 0.2% in December 2015 month-on-month and year-on-year

Prices index – December 2015

Warning: from 29 January 2016, Insee will publish each month a provisional estimate of the Consumer Price Index (CPI). Moreover, also from that date, the CPI will be rescaled. Its reference period will be changed from 1998=100 to 2015=100. Further information on all these changes are available (in French) on the web page of this indicator.

Note : Here are published the monthly and year-on-year rates of change in the Consumer Price Index (CPI). The annual average rates of change in the CPI are also published on 13 January 2016 in another « Informations rapides » issue.

Monthly change: +0.2%; Year-on-year: +0.2%

In December 2015, the Consumer Price Index (CPI) recovered, increasing by 0.2% after an equivalent decline in November. Seasonally adjusted, it remained unchanged compared with the previous month, after –0.1% in November. Year-on-year, the consumer prices grew by 0.2%, after a stability in November.

The rise in prices in December resulted from seasonal increases in prices of some services and manufactured products. These increases were partially offset by a further drop in energy prices and fresh foodstuffs.

Seasonal increase in service prices

In December 2015, prices of services were broadly up 0.6% (+1.1% year-on-year) mainly due to the seasonal increases in prices of services related to tourism: +12.7% for airfares (–4.0% year-on-year), +6.6% for accommodation services (+3.3% year-on-year) and +13.3% for package holidays (+5.4% year-on-year). In addition, as each year in December, refuse collection fees (+1.3%) rose, as well as insurance premiums (+0.9%; +2.9% year-on-year).

Detailed figures for various groups
1998: 100
Source: INSEE - Consumer Price Indexes
Items Weight Index Percentage change
2015 Dec. 2015 m-on-m change y-on-y change
a) All households - France
All items (00 E) 10000 127.95 0.2 0.2
All items SA (00 C) 10000 127.86 0.0 0.2
Food (4000 E) 1662 132.45 -0.3 0.6
Fresh food (4001 E) 211 144.11 -2.3 3.1
Food excluding fresh products (4002 E) 1451 130.81 0.0 0.2
Tobacco (4034 E) 199 259.27 0.0 0.3
MANUFACTURED PRODUCTS (4003 E) 2584 100.05 0.3 -0.3
Clothing and footwear (4004 E) 437 112.18 0.8 -0.3
Medical products (4005 E) 427 74.56 0.0 -4.0
Other manufactured products (4006 E) 1720 103.87 0.3 0.5
ENERGY (4007 E) 815 162.6 -1.2 -4.7
Petroleum products (4008 E) 418 164.73 -2.2 -9.7
SERVICES (4009 E) 4740 138.15 0.6 1.1
Actual rentals and services for dwellings (4010 E) 767 144.09 0.1 0.7
Medical services (4011 E) 568 123.31 0.4 0.5
Transport and communication services (4012 E) 510 97.38 2.2 0.2
Other services (4013 E) 2895 149.35 0.5 1.6
ALL ITEMS EXCLUDING RENTALS AND TOBACCO (5000 E) 9192 125.32 0.2 0.2
ALL ITEMS EXCLUDING TOBACCO (4018 E) 9801 126.03 0.2 0.2
b) Manual or clerical worker headed urban households - France
ALL ITEMS EXCLUDING TOBACCO (4018 D) 9714 125.82 0.2 0.1
ALL ITEMS (00 D) 10000 128.63 0.2 0.1
c) Households that belong to the lowest equivalized disposable income quintile - France
ALL ITEMS EXCLUDING TOBACCO (4018 Q) 9687 126.96 0.2 0.0
Detailed figures for Core inflation* and HICP**
* 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 : Harmonized 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
Items Weight Index Percentage change
2015 Dec. 2015 m-on-m change y-on-y change
All items "Core inflation" (4022 S) 6042 123.31 0.1 0.8
Food excluding fresh products, meat, milk and exotic products (4019 S) 715 124.54 0.0 0.0
Manufactured products (4020 S) 2103 104.48 0.1 0.3
Services including actual rentals and services for dwellings (4021 S) 3224 141.48 0.0 1.3
All items HICP (00 H) 115.79 0.2 0.3

Consumer price index (IPC) and Core inflation (ISJ) – year-on-year changes

Consumer price index (IPC) and Core inflation (ISJ) – year-on-year changes

Source: INSEE - Consumer Price Indexes

Manufactured product prices increased

In December 2015, prices of manufactured products recovered (+0.3% after –0.1% in November; –0.3% year-on-year). Indeed, clothing and footwear prices went up before the winter sales (+0.8%; -0.3% year-on-year) while discounts ended for many products, especially bedding (+2.9%; +0.4% year-on-year), furniture and furnishings, carpets and other floor coverings (+0.7% month-on-month; +0.5% year-on-year) and household appliances (+0.7%; –0.6% year-on-year). Furthermore, prices of audiovisual, photographic and information processing equipment were up very slightly (+0.1%), thus the pace of their year-on-year decrease eased again (–1.5% after –2.4% in November and –7.3% in December 2014).

Further drop in prices of energy

In December 2015, energy prices declined for the seventh month in a row (–1.2%; –4.7% year-on-year after –6.0% in November). As this decrease was less pronounced in December this year than the year before, energy prices contributed significantly to the year-on-year increase of the CPI in December 2015. The drop in prices of petroleum products (–2.2%; –9.7% year-on-year) was more pronounced for heating fuels (–5.0%; –17.6% year-on-year) than for motor fuels (–1.7%; –8.4% year-on-year). Prices of town gas also diminished (–1.2%; –7.7% year-on-year). By contrast, electricity fares remained stable (+4.2% year-on-year, as in November).

Food prices declined

As in November, food prices decreased slightly (–0.3%; +0.6% year-on-year) due to a further drop in fresh foodstuff prices (–2.3%; +3.1% year-on-year). Unusual mild temperatures have stimulated supply of fresh vegetables whose prices fell notably in December (–5.4%; –0.4% year-on-year). The prices of fresh fruits continued to diminish for the same reason (–2.2%; +5.3% year-on-year). On the other hand, prices of fresh fishes and seafood grew sharply in December (+5.2%; +6.2% year-on-year). Excluding fresh products, food prices remained overall stable in December and recovered moderately year-on-year (+0.2% after +0.1% in November).

Core inflation rose slightly

In December 2015, the core inflation indicator (ISJ) increased slightly (+0.1% after 0.0%). Year-on-year, it was up 0.8% (after +0.7% in October and November), its highest level since February 2014. The Harmonized Index of Consumer Prices (HICP) recovered month-on-month (+0.2% after –0.2%), as year-on-year (+0.3% after +0.1%).

Informations Rapides

n° 5 - January 13, 2015

Consumer price index - final results - December 2015

Next issue February 18, 2016 08:45 - January 2016

For further information

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