14 October 2015
2015- n° 248221 Consumer prices decreased by 0.4% in September 2015; they were stable year-on-year Consumer price index - final results - September 2015
In September 2015, the Consumer Price Index (CPI) fell back (–0.4% after +0.3% in August). Seasonally adjusted, it decreased slightly (–0.1%) for the second month in a row. Year-on-year, it remained stable, as in August.
Monthly change: –0.4%; Year-on-year: 0.0%
In September 2015, the Consumer Price Index (CPI) fell back (–0.4% after +0.3% in August). Seasonally adjusted, it decreased slightly (–0.1%) for the second month in a row. Year-on-year, it remained stable, as in August.
In September, the main contributors to the decrease in the CPI came from a seasonal downturn in some services related to tourism after the school holiday period and a further drop in prices of petroleum products. Conversely, the prices of manufactured products bounced back at the end of the summer sales in Metropolitan France. Moreover, food prices increased due to more expensive fresh foodstuffs.
Seasonal decline in service prices
Seasonally, service prices were down in September (–1.6% as in September 2014). Year-on-year, they grew by 1.3% as in August. The main contributors to this seasonal decrease were price falls in services related to tourism, as accommodation services (–16.4%; +2.3% year-on-year), package holidays (–28.8%; +0.3% year-on-year), holiday rentals (–24.4%; +0.9% year-on-year) and airfares (–18.8%; –1.2% year-on-year). On the other hand, some charges increased seasonally in September, in particular for school canteen and university cafeteria services (+1.5%; +2.2% year-on-year) and recreational and cultural services (+0.2%; +1.7% year-on-year). Furthermore, prices of telecommunication were stable in September and increased by 1.4% year-on-year.
tableauOLE_LINK2 – Detailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2015 | Sept. 2015 | m-on-m change | y-on-y change | |
| a) All households - France | ||||
| All items (00 E) | 10000 | 127.84 | –0.4 | 0.0 |
| All items SA (00 C) | 10000 | 127.91 | –0.1 | 0.0 |
| Food (4000 E) | 1662 | 132.49 | 0.5 | 0.9 |
| Fresh food (4001 E) | 211 | 145.78 | 4.4 | 7.4 |
| Food excluding fresh products (4002 E) | 1451 | 130.62 | –0.1 | 0.0 |
| Tobacco (4034 E) | 199 | 259.27 | 0.0 | 0.3 |
| MANUFACTURED PRODUCTS (4003 E) | 2584 | 99.86 | 1.4 | –0.9 |
| Clothing and footwear (4004 E) | 437 | 110.93 | 7.7 | –0.9 |
| Medical products (4005 E) | 427 | 75.23 | 0.0 | –3.7 |
| Other manufactured products (4006 E) | 1720 | 103.65 | 0.3 | –0.1 |
| ENERGY (4007 E) | 815 | 166.45 | –1.0 | –5.9 |
| Petroleum products (4008 E) | 418 | 171.34 | –2.2 | –14.3 |
| SERVICES (4009 E) | 4740 | 137.49 | –1.6 | 1.3 |
| Actual rentals and services for dwellings (4010 E) | 767 | 143.03 | 0.0 | 0.9 |
| Medical services (4011 E) | 568 | 122.37 | 0.1 | 0.5 |
| Transport and communication services (4012 E) | 510 | 96.24 | –4.6 | 0.8 |
| Other services (4013 E) | 2895 | 149.01 | –1.8 | 1.6 |
| ALL ITEMS EXCLUDING RENTALS AND TOBACCO (5000 E) | 9192 | 125.2 | –0.4 | 0.0 |
| ALL ITEMS EXCLUDING TOBACCO (4018 E) | 9801 | 125.92 | –0.4 | 0.0 |
| b) Manual or clerical worker headed urban households - France | ||||
| ALL ITEMS EXCLUDING TOBACCO (4018 D) | 9714 | 125.73 | –0.4 | 0.1 |
| ALL ITEMS (00 D) | 10000 | 128.54 | –0.4 | 0.1 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| ALL ITEMS EXCLUDING TOBACCO (4018 Q) | 9687 | 126.94 | –0.5 | 0.0 |
- Source: INSEE - Consumer Price Indexes
tableauTableau1English – Detailed figures for Core inflation* and HICP**
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2015 | Sept. 2015 | m-on-m change | y-on-y change | |
| All items "Core inflation" (4022 S) | 6042 | 123.20 | –0.2 | 0.6 |
| Food excluding fresh products, meat, milk and exotic products (4019 S) | 715 | 124.53 | 0.0 | -0.1 |
| Manufactured products (4020 S) | 2103 | 104.28 | 0.2 | -0.4 |
| Services including actual rentals and services for dwellings (4021 S) | 3224 | 141.39 | –0.3 | 1.4 |
| All items HICP (00 H) | 115.66 | –0.4 | 0.1 | |
- * 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
graphiqueGraphique1English – Consumer price index (IPC) and Core inflation (ISJ) year-on-year changes
- Source: INSEE - Consumer Price Indexes
Drop in energy prices since June
Energy prices were down for the fourth month in a row (–1.0%; –5.9% year-on-year) due to a new drop in petroleum product prices (–2.2%; –14.3% year-on-year). In particular, prices of motor fuels decreased again (–3.0%; –13.5% year-on-year). By contrast, heating fuels recovered (+1.2% after –7.1%) but
remained down sharply compared with the same month one year ago (–20.4%). Prices of town gas increased slightly (+0.5%; +0.2% year-on-year) and electricity rates were flat (+6.3% year-on-year).
Rebound in food prices
In September 2015, food prices bounced back (+0.5% after –0,1%). Year-on-year, they sped up slightly (+0.9% after +0.8% in August). Prices of fresh foodstuffs were dynamic (+4.4% month-on-month; +7.4% year-on-year), in particular those of fresh vegetables (+7.5% month-on-month; +8.7% year-on-year) and those of fresh fishes and seafood (+5.3%; month-on-month; +3.4% year-on-year). Excluding fresh products, food prices declined slightly in September (–0.1%) and were stable year-on-year.
Prices of manufactured products increased again after the end of summer sales
Prices of manufactured products increased again (+1.4% in September after +1.6%; –0.9% year-on-year). This increase was more pronounced than last year (+1.2% in September 2014) because of the introduction of an additional week of sales in August this year. Thus, the rebound of clothing and footwear prices related to new autumn-winter collections was more significant in September this year (+7.7% after +6.1% in September 2014). On the other hand, as in August, the effect of the additional week of sales was not noticeable on the prices of the other manufactured products, which rose by 0.3% compared to August as in September 2014 (–0.1% year-on-year).
Slight decline in core inflation
The core inflation indicator (ISJ) went down slightly (–0.2% in September after +0.1% in August). Year-on-year, it rose by 0.6%, as in August. The Harmonized Index of Consumer Prices (HICP) also fell back, dropping by 0.4% month-on-month after +0.4% in August. Year-on-year, it increased by 0.1% as in the previous month.
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