16 July 2020
2020- n° 177In June 2020, consumer prices rose by 0.1% over one month and by 0.2% year on year Consumer price index - final results - June 2020
In June 2020, the Consumer Price Index (CPI) increased by 0.1% over a month, as in the previous month. Energy prices rebounded over a month (+1.8% after −2.1% in May). Those of services slowed down, to +0.3% after +0.4%. Tobacco prices were stable, after +0.4% in the previous month. The drop in manufactured product prices was higher (−0.3% after −0.1%), and food prices sharply fell back (−0.8% after +0.5%).
Seasonally adjusted, consumer prices rose by 0.1% in June, after a stability in May.
Year on year, consumer prices rose by 0.2%, after +0.4% in the previous month. This drop in inflation came from a slowdown in services and food prices and a sharper drop in manufactured product prices. Contrariwise, the fall in energy prices was attenuated. Finally, tobacco prices rose at the same pace as in the previous month.
The health crisis due to the Covid-19 impacts the quality of the data for June 2020: price collection on the field, adjourned since 16 March, had gradually resumed, at least in the end of the month of collection, and, at least in the beginning of the month, some outlets were closed and a lot of products were no more available for sale. The prices of a quarter of the consumption are therefore imputed due to the health crisis.
Additional information is available in “For further information”.
Monthly change: +0.1% in June; Year-on-year change: +0.2%
In June 2020, the Consumer Price Index (CPI) increased by 0.1% over a month, as in the previous month. Energy prices rebounded over a month (+1.8% after −2.1% in May). Those of services slowed down, to +0.3% after +0.4%. Tobacco prices were stable, after +0.4% in the previous month. The drop in manufactured product prices was higher (−0.3% after −0.1%), and food prices sharply fell back (−0.8% after +0.5%).
Seasonally adjusted, consumer prices rose by 0.1% in June, after a stability in May.
Year on year, consumer prices rose by 0.2%, after +0.4% in the previous month. This drop in inflation came from a slowdown in services and food prices and a sharper drop in manufactured product prices. Contrariwise, the fall in energy prices was attenuated. Finally, tobacco prices rose at the same pace as in the previous month.
Drop in core inflation year on year
Year on year, core inflation fell, in June, to +0.3% after +0.6% in the previous month. The Harmonised Index of Consumer Prices (HICP) increased by 0.1% over a month, after +0.2% in the previous month; year on year, it slowed down, to +0.2%, after +0.4% in the previous month.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | CPI | ISJ | |
|---|---|---|---|
| 2014-01 | 0.8 | 0.6 | 0.2 |
| 2014-02 | 1.1 | 0.9 | 0.8 |
| 2014-03 | 0.8 | 0.6 | 0.5 |
| 2014-04 | 0.8 | 0.7 | 0.5 |
| 2014-05 | 0.8 | 0.7 | 0.3 |
| 2014-06 | 0.6 | 0.5 | 0.1 |
| 2014-07 | 0.6 | 0.5 | 0.1 |
| 2014-08 | 0.5 | 0.4 | 0.3 |
| 2014-09 | 0.4 | 0.3 | 0.1 |
| 2014-10 | 0.5 | 0.5 | 0.0 |
| 2014-11 | 0.4 | 0.3 | -0.2 |
| 2014-12 | 0.1 | 0.1 | -0.1 |
| 2015-01 | -0.4 | -0.4 | 0.1 |
| 2015-02 | -0.3 | -0.3 | 0.2 |
| 2015-03 | 0.0 | -0.1 | 0.2 |
| 2015-04 | 0.1 | 0.1 | 0.4 |
| 2015-05 | 0.3 | 0.3 | 0.5 |
| 2015-06 | 0.3 | 0.3 | 0.5 |
| 2015-07 | 0.2 | 0.2 | 0.6 |
| 2015-08 | 0.1 | 0.0 | 0.5 |
| 2015-09 | 0.1 | 0.0 | 0.6 |
| 2015-10 | 0.2 | 0.1 | 0.8 |
| 2015-11 | 0.1 | 0.0 | 0.9 |
| 2015-12 | 0.3 | 0.2 | 1.0 |
| 2016-01 | 0.3 | 0.2 | 0.9 |
| 2016-02 | -0.1 | -0.2 | 0.7 |
| 2016-03 | -0.1 | -0.1 | 0.7 |
| 2016-04 | -0.1 | -0.2 | 0.6 |
| 2016-05 | 0.1 | 0.0 | 0.7 |
| 2016-06 | 0.3 | 0.2 | 0.7 |
| 2016-07 | 0.4 | 0.2 | 0.5 |
| 2016-08 | 0.4 | 0.2 | 0.4 |
| 2016-09 | 0.5 | 0.4 | 0.7 |
| 2016-10 | 0.5 | 0.4 | 0.5 |
| 2016-11 | 0.7 | 0.5 | 0.5 |
| 2016-12 | 0.8 | 0.6 | 0.4 |
| 2017-01 | 1.6 | 1.3 | 0.6 |
| 2017-02 | 1.4 | 1.2 | 0.2 |
| 2017-03 | 1.4 | 1.1 | 0.4 |
| 2017-04 | 1.4 | 1.2 | 0.5 |
| 2017-05 | 0.9 | 0.8 | 0.3 |
| 2017-06 | 0.8 | 0.7 | 0.4 |
| 2017-07 | 0.8 | 0.7 | 0.5 |
| 2017-08 | 1.0 | 0.9 | 0.5 |
| 2017-09 | 1.1 | 1.0 | 0.5 |
| 2017-10 | 1.2 | 1.1 | 0.5 |
| 2017-11 | 1.2 | 1.2 | 0.6 |
| 2017-12 | 1.2 | 1.2 | 0.6 |
| 2018-01 | 1.5 | 1.3 | 0.8 |
| 2018-02 | 1.3 | 1.2 | 0.8 |
| 2018-03 | 1.7 | 1.6 | 0.9 |
| 2018-04 | 1.8 | 1.6 | 0.8 |
| 2018-05 | 2.3 | 2.0 | 1.0 |
| 2018-06 | 2.3 | 2.0 | 0.8 |
| 2018-07 | 2.6 | 2.3 | 0.8 |
| 2018-08 | 2.6 | 2.3 | 0.9 |
| 2018-09 | 2.5 | 2.2 | 0.7 |
| 2018-10 | 2.5 | 2.2 | 0.7 |
| 2018-11 | 2.2 | 1.9 | 0.6 |
| 2018-12 | 1.9 | 1.6 | 0.6 |
| 2019-01 | 1.4 | 1.2 | 0.8 |
| 2019-02 | 1.6 | 1.3 | 0.8 |
| 2019-03 | 1.3 | 1.1 | 0.5 |
| 2019-04 | 1.5 | 1.3 | 0.7 |
| 2019-05 | 1.1 | 0.9 | 0.5 |
| 2019-06 | 1.4 | 1.2 | 0.9 |
| 2019-07 | 1.3 | 1.1 | 0.9 |
| 2019-08 | 1.3 | 1.0 | 0.7 |
| 2019-09 | 1.1 | 0.9 | 0.9 |
| 2019-10 | 0.9 | 0.8 | 1.0 |
| 2019-11 | 1.2 | 1.0 | 1.0 |
| 2019-12 | 1.6 | 1.5 | 1.1 |
| 2020-01 | 1.7 | 1.5 | 1.0 |
| 2020-02 | 1.6 | 1.4 | 1.3 |
| 2020-03 | 0.8 | 0.7 | 0.7 |
| 2020-04 | 0.4 | 0.3 | 0.3 |
| 2020-05 | 0.4 | 0.4 | 0.6 |
| 2020-06 | 0.2 | 0.2 | 0.3 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
- Source: INSEE.
Lesser drop in energy prices
Year on year, the drop in energy prices was attenuated: −9.3% in June, after −11.0% in May. Petroleum product prices fell less than in the previous month: −15.1% year on year, after −21.2% in May; over a month, they rebounded after four consecutive months of decrease (+4.0% in June after −3.8%). Electricity prices slowed down to +3.6% year on year, after +9.7% in the four previous months: over a month, the prices were stable whereas they rose in June 2019. Contrariwise, gas prices dropped more year on year: −14.3% after −13.6% in May.
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2020 | June 2020 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 104.79 | 0.1 | 0.2 |
| Overall SA(1) | 10000 | 104.47 | 0.1 | 0.2 |
| Food | 1610 | 108.85 | -0.8 | 2.6 |
| Fresh food | 230 | 131.36 | -4.7 | 11.8 |
| Other food | 1380 | 105.35 | 0.0 | 1.0 |
| Tobacco | 205 | 148.11 | 0.0 | 13.9 |
| Manufactured products | 2491 | 98.01 | -0.3 | -1.0 |
| Clothing and footwear | 380 | 99.74 | -1.3 | -4.0 |
| Medical products | 412 | 88.04 | -0.2 | -2.2 |
| Other manufactured products | 1699 | 100.07 | -0.1 | -0.1 |
| Energy | 808 | 105.59 | 1.8 | -9.3 |
| Petroleum products | 439 | 102.18 | 4.0 | -15.1 |
| Services | 4886 | 105.47 | 0.3 | 1.1 |
| Actual rentals and services for dwellings | 752 | 101.75 | 0.0 | 0.2 |
| Health services | 604 | 102.79 | 0.2 | 0.5 |
| Transport | 300 | 104.68 | 5.1 | 2.5 |
| Communication | 215 | 97.72 | 0.0 | 0.5 |
| Other services | 3015 | 107.71 | 0.0 | 1.3 |
| Total except rents and tobacco | 9185 | 104.25 | 0.1 | -0.1 |
| Total except tobacco | 9795 | 104.04 | 0.1 | -0.1 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9685 | 103.65 | 0.1 | -0.2 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9685 | 103.44 | 0.1 | -0.3 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: metropolitan France
- Source : INSEE – Consumer Price Indices
Slowdown in food prices year on year
In June 2020, food prices slowed down for the second consecutive month: +2.6% year on year after +3.5% in May and +3.7% in April. The prices of fresh food produces were sharply less dynamic (+11.8% year on year after +17.3%). Those of fresh vegetables (+15.9% year on year after +24.8%), fresh fruits (+14.2% year on year after +18.0%) and fresh fish (+8.9% after +10.3%) deeply slowed down.
Excluding fresh produces, food prices also decelerated, to +1.0% year on year after +1.2% in the previous month. The prices of meat (+3.5% year on year after +3.9%), rice (+0.2% after +0.7%), sugar (+0.6% after +0.8%) and dried or preserved vegetables (+1.3% after +1.6%) slowed down. Those of milk, cheese and eggs (−0.7% year on year after −0.2%) and of pasta products and couscous (−0.3% and −0.1%) dropped more. Contrariwise, the prices of oils and fats were stable year on year, after −0.4% in the previous month. Those of preserved fruit and fruit-based products (+1.9% after +1.1%) and of alcoholic beverages (+0.9% after +0.3%) gathered pace.
Accentuated drop in manufactured product prices year on year
Year on year, manufactured product prices dropped by 1.0%, after −0.7% in the previous month. The drop in clothing and footwear prices was more pronounced than that in the previous month (−4.0% year on year after −2.7%). The prices of “other manufactured products” fell back (−0.1% after +0.1%). The prices of small electric household appliances (−1.3% after +0.4%) and of electric appliances for personal care (−0.6% after +0.6%) fell back and those of cleaning products dropped more (−0.8% year on year −0.6%). Contrariwise, the fall in the prices of major household appliances (−0.1% after −1.4%) and of the articles for personal hygiene, wellness and beauty products (−1.3% year on year after −2.5%) was attenuated. Finally, health product prices dropped by 2.2% year on year, after −2.1% in May.
Drop in service inflation
Year on year, service prices slowed down in June, to +1.1% after +1.2%. Communication service prices decelerated after a rebound in the previous month (+0.5% year on year after +1.6%). The prices of “other services”, whose consumption has gradually resumed since the end of the lockdown measures, were less dynamic than in the previous month: +1.3% year on year, after +1.6%. Strongly affected by the lockdown measures, transport service prices accelerated in June (+2.5% year on year after 0.8%), in the wake of airfares (+8.6% year on year after +4.5%). Finally, the prices of health services rose by 0.5% year on year, after +0.4% in the previous month and those of housing-related services increased at the same pace as in the previous month (+0.2% year on year).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2020 | June 2020 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 6069 | 103.05 | 0.0 | 0.3 |
| Food excluding fresh products. meat. milk and exotic products | 754 | 103.68 | 0.2 | 0.5 |
| Manufactured products | 2032 | 98.66 | -0.3 | -1.0 |
| Services including actual rentals and services for dwellings | 3283 | 105.76 | 0.0 | 1.1 |
| HICP - All items | 10000 | 105.58 | 0.1 | 0.2 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared with the provisional estimates published on June 30, 2020, the month-on-month change in the CPI and in the HICP was up by 0.2points, those year-on-year by 0.1points.
For further information
The CPI is calculated using scanner data, prices collected by INSEE collectors in physical outlets and a centralized collection (online collect, administrative data).
The price collection carried out by collectors on the field (about 40% in the CPI), adjourned since 16 March, has gradually resumed in the end of the month of collection: for the concerned products, alternative data collections were carried out (price collection online, by phone, scanner data…). Moreover, a lot of products were not available for sale in June (restaurants, shows…). These missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines.The prices of a quarter of the CPI basket are therefore imputed due to the health crisis.
For further information: https://insee.fr/en/statistiques/4507212#documentation
Next publication of provisional results: 31 July 2020 at 8:45
Next publication of final results: 14 August 2020 at 8:45
Documentation
Using scanner data from 2020 on: impact on the CPI (pdf,216 Ko)
Abbreviated Methodology (pdf,131 Ko)
CPI : methodological changes for 2020 (pdf,139 Ko)
Impact des données de caisse sur les indices des regroupements conjoncturels -2019-tableaux (xls,98 Ko)
Methodology (pdf,141 Ko)
Data quality in June (pdf,205 Ko)
Pour en savoir plus
The CPI is calculated using scanner data, prices collected by INSEE collectors in physical outlets and a centralized collection (online collect, administrative data).
The price collection carried out by collectors on the field (about 40% in the CPI), adjourned since 16 March, has gradually resumed in the end of the month of collection: for the concerned products, alternative data collections were carried out (price collection online, by phone, scanner data…). Moreover, a lot of products were not available for sale in June (restaurants, shows…). These missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines.The prices of a quarter of the CPI basket are therefore imputed due to the health crisis.
For further information: https://insee.fr/en/statistiques/4507212#documentation
Next publication of provisional results: 31 July 2020 at 8:45
Next publication of final results: 14 August 2020 at 8:45
