In October 2015, consumer prices increased by 0.1%over a month and year-on-yearConsumer price index - final results - October 2015

In October 2015, the Consumer Price Index (CPI) increased by 0.1% after –0.4% during the previous month. Seasonally adjusted, it was also up 0.1%. Year-on-year, consumer prices rose slightly (+0.1%) after remaining stable for two months in a row.

Informations rapides
No 273
Paru le : 12/11/2015
Prochaine parution le : 12/10/2017 at 08:45 - September 2017

Monthly change: +0.1%; Year-on-year: +0.1%

In October 2015, the Consumer Price Index (CPI) increased by 0.1% after –0.4% during the previous month. Seasonally adjusted, it was also up 0.1%. Year-on-year, consumer prices rose slightly (+0.1%) after remaining stable for two months in a row.

The main contributors to the rise in CPI in October came from seasonal price increases in fresh foodstuffs and in some services. They were partially offset by a new decline in energy prices.

Increase in food prices

Food prices increased by 0.5% for the second month in a row. Year-on-year, they still sped up, rising by 1.0% in October after +0.9% in September and +0.8% in August. At this time of year, fresh foodstuffs became more expensive (+3.3% in October; +7.1% year-on-year), especially fresh fruits (+8.3%; +7.4% year-on-year); the increase in fresh vegetable prices was more subdued in October (+0.8%) but remained significant year-on-year (+9.1%). However, prices of fresh fishes and seafood were seasonally lower (–2.7%; +2.1% year-on-year). Excluding unprocessed products, food prices were moderatly up in October (+0,1%) due to a slight rebound in prices of meat (+0.1%), milk, cheese and eggs (+0.2%) and oils and fats (+0.4%). For the first time since June 2014, food prices, excluding fresh foodstuffs, were higher than one year (+0.1%).

OLE_LINK2 – Detailed figures for various groups

1998: 100
Detailed figures for various groups
Items Weight Index Percentage change
2015 Oct. 2015 m-on-m change y-on-y change
a) All households - France
All items (00 E) 10000 127.91 0.1 0.1
All items SA (00 C) 10000 128.02 0.1 0.1
Food (4000 E) 1662 133.14 0.5 1.0
Fresh food (4001 E) 211 150.62 3.3 7.1
Food excluding fresh products (4002 E) 1451 130.72 0.1 0.1
Tobacco (4034 E) 199 259.27 0.0 0.3
MANUFACTURED PRODUCTS (4003 E) 2584 99.84 0.0 –0.7
Clothing and footwear (4004 E) 437 111.08 0.1 –0.7
Medical products (4005 E) 427 74.86 –0.5 –4.2
Other manufactured products (4006 E) 1720 103.70 0.0 0.1
ENERGY (4007 E) 815 165.39 –0.6 –6.1
Petroleum products (4008 E) 418 169.88 –0.9 –13.6
SERVICES (4009 E) 4740 137.58 0.1 1.3
Actual rentals and services for dwellings (4010 E) 767 143.96 0.7 0.8
Medical services (4011 E) 568 122.95 0.5 0.4
Transport and communication services (4012 E) 510 96.83 0.6 1.0
Other services (4013 E) 2895 148.61 –0.3 1.6
ALL ITEMS EXCLUDING RENTALS AND TOBACCO (5000 E) 9192 125.28 0.1 0.0
ALL ITEMS EXCLUDING TOBACCO (4018 E) 9801 125.99 0.1 0.1
b) Manual or clerical worker headed urban households - France
ALL ITEMS EXCLUDING TOBACCO (4018 D) 9714 125.80 0.1 0.1
ALL ITEMS (00 D) 10000 128.61 0.1 0.1
c) Households that belong to the lowest equivalized disposable income quintile - France
ALL ITEMS EXCLUDING TOBACCO (4018 Q) 9687 126.99 0.0 0.0
  • Source: INSEE - Consumer Price Indexes

Tableau1English – Detailed figures for Core inflation* and HICP**

Detailed figures for Core inflation* and HICP**
Items Weight Index Percentage change
2015 Oct. 2015 m-on-m change y-on-y change
All items "Core inflation" (4022 S) 6042 123.30 0.1 0.7
Food excluding fresh products, meat, milk and exotic products (4019 S) 715 124.54 0.0 –0.1
Manufactured products (4020 S) 2103 104.47 0.2 –0.1
Services including actual rentals and services for dwellings (4021 S) 3224 141.44 0.0 1.4
All items HICP (00 H) 115.76 0.1 0.2
  • * 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 (1998: 100).
  • **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 (2005: 100).
  • Source: INSEE - Consumer Price Indexes

Graphique1English – Consumer price index (IPC) and Core inflation (ISJ) – year-on-year changes

  • Source: INSEE - Consumer Price Indexes

Moderate rise in service prices

In October 2015, service prices increased moderately (+0.1%; +1.3% year-on-year, as in September). The actual rentals and dwelling service prices were up seasonally (+0.7%; +0.8% year-on-year) with the

application of winter rates for collective heating. Airfares strengthened (+3.8%; –0.4% year-on-year). Prices of health services grew (+0.5%; +0.4% year-on-year) also in a seasonal manner. These increases were largely offset by the decline, as every year in october, in holiday rentals (–8.9%; +0.9% year-on-year) and in accomodation prices (–3.2%; +1.6% year-on-year).

Stability of manufactured product prices

Prices of manufactured products remained unchanged in October. Year-on-year, they still decreased (–0.7% after –0.9% in September). Clothing and footwear prices went up slightly (+0.1%; –0.7% year-on-year) while prices of medical products continued to fall (–0.5%; –4.2% year-on-year). Prices of the other manufactured products were sluggish (+0.1% year-on-year), albeit with significant price variations in some consumption functions with, especially, the seasonal fall in prices of plants and flowers (–8.4%; stability year-on-year) and the rise in new car prices (+1.9%; +1.2% year-on-year) after the end of special offers.

Further decline in energy prices

Energy prices were down for the fifth month in a row (–0.6% in October; –6.1% year-on-year) mainly due to a new decline in prices of petroleum products (–0.9%; –13.6% year-on-year). Prices of town gas also decreased in October (–1.4%; –5.0% year-on-year). Electricity rates were unchanged in October (+6.3% year-on-year).

Slight rise in core inflation

The core inflation indicator (ISJ) increased slightly compared with September (+0.1%). Year-on-year, it rose by 0.7% in October after +0.6% during the two previous months. The Harmonized Index of Consumer Prices (HICP) was also up 0.1% in October; year-on-year, it grew by 0.2% after +0.1% in August and September.

Documentation

Methodology (pdf, 141 Ko)