12 May 2016
2016- n° 121Consumer prices increased by 0.1% in April 2016; year-on-year, they were down 0.2% Consumer price index - final results - April 2016
In April 2016, the Consumer Prices Index (CPI) grew by 0.1% after +0.7% in March. Seasonally adjusted, it increased by 0.1%, as in the previous month. Year-on-year, the CPI diminished by 0.2% after -0.1% in March.
Monthly change: +0.1%; Year-on-year: −0.2%
In April 2016, the Consumer Prices Index (CPI) grew by 0.1% after +0.7% in March. Seasonally adjusted, it increased by 0.1%, as in the previous month. Year-on-year, the CPI diminished by 0.2% after −0.1% in March.
This slight rise of consumer prices over the month came mainly from service and, to a lesser extent, from a further increase in petroleum product prices. Conversely, manufactured product prices faltered in April as a result of sales promotion. Food prices were overall stable.
Increase in service prices
Service prices edged up again (+0.2% in April 2016 after +0.1% in March). Year-on-year, they accelerated modestly: their rise amounted to +1.0% after +0.9% in March and +0.8% in February. The rise over the month was largely due to higher prices of mobile telephone services (+1.7%; +3.2% year-on-year) and passenger transport by air (+3.7%; −7.0% year-on-year). Insurance prices increased significantly too (+1.1%; +2.4% year-on-year) on account of the end of discounts and rises in motor vehicle insurance. In addition, the seasonal decline in prices of holiday accommodation was less pronounced in April this year (−3.2% against −4.9% in April 2015, +3.6% year-on-year after +1.8% in March) due to earlier spring school holidays this year.
tableauTableau1IR_English – Detailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2016 | April 2016 | m-on-m change | y-on-y change | |
| a) All households | ||||
| Overall | 10000 | 100.09 | 0.1 | −0.2 |
| Overall SA* | 10000 | 99.85 | 0.1 | −0.2 |
| Food | 1615 | 100.36 | 0.0 | 0.4 |
| Fresh food | 217 | 102.06 | −0.1 | 1.5 |
| Other food | 1398 | 100.10 | 0.0 | 0.2 |
| Tobacco | 195 | 100.09 | 0.0 | 0.0 |
| Manufactured products | 2651 | 100.41 | −0.2 | −0.6 |
| Clothing and footwear | 414 | 104.40 | 0.4 | 0.0 |
| Medical products | 466 | 97.38 | −0.5 | −3.6 |
| Other manufactured products | 1771 | 100.20 | −0.3 | 0.0 |
| Energy | 773 | 95.18 | 0.3 | −6.8 |
| Petroleum products | 419 | 91.60 | 1.5 | −12.1 |
| Services | 4766 | 100.67 | 0.2 | 1.0 |
| Actual rentals and services for dwellings | 768 | 100.58 | 0.0 | 0.4 |
| Medical services | 598 | 100.38 | 0.1 | 0.4 |
| Transport | 279 | 97.39 | 1.2 | −3.1 |
| Communication | 245 | 101.80 | 1.2 | 2.1 |
| Other services | 2876 | 100.97 | 0.1 | 1.5 |
| Total except rents and tobacco | 9183 | 100.08 | 0.1 | −0.2 |
| Total except tobacco | 9805 | 100.09 | 0.1 | −0.2 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9704 | 100.10 | 0.1 | −0.2 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9696 | 99.91 | 0.1 | −0.4 |
- *: seasonally adjusted
- Geographical coverage: France excluding Mayotte
- Source: INSEE - Consumer Price Indexes
Further upturn in energy prices
Energy prices rose further in April (+0.3% after +0.9% in March 2016). However, they remained far below their last year's level (−6.8% after −6.9% in March). This second consecutive improvement was buoyed by higher oil prices (+1.5% after +2.5% in March; −12.1% year-on-year), in the wake of the upturn in crude oil prices since February. Thus, prices of fuels and lubricants strengthened (+1.7% in April; −10.5% year-on-year) as well as liquid fuels prices (+0.6%; −21,5% year-on-year). However, gas prices continued to fall (−3.1% after −2.6% in March; −10.8% year-on-year) while electricity prices had been unchanged for three months (+4.1% over one year).
Lower manufactured prices
In April 2016, manufactured product prices diminished by 0.2% over one month. Year-on-year, their decline worsened (−0.6% after −0.2% in March). Many promotions were driving this downturn, especially for furniture and furnishings (−0.9%; −0.2% year-on-year), and new motor cars (−1.6%; +0.2% year-on-year). Besides, medical products prices dipped again (−0.5%; −3.6% year-on-year). These falls were only partly offset by the slight rebound in prices for clothing and footwear (+0.4%; unchanged year-on-year), chiefly this last one (+1.6% over one month; +0.1% year-on-year), owing to the release of the summer collections.
Stability in food prices
In April 2016, food prices were steady. Year-on-year, they were up 0.4%, as in March. Prices of fresh foodstuffs (−0.1%;+1.5% year-on-year) as well as those of processed products (stable for the third consecutive month, +0.2% year-on-year since January 2016) remained practically unchanged.
Core inflation stable over one year
In April 2016, the core inflation indicator (ISJ) grew by 0.1% month-on-month and by 0.6% year-on-year, as in March. The Harmonised Index of Consumer Prices (HICP) expanded also by 0.1% over one month. Over one year, it slipped by 0.1% for the third month in a row.
graphiqueGraphiqueIR_English – Consumer price index (CPI), core inflation (ISJ)* and Harmonised Indices of Consumer Prices (HICP)** year-on-year changes
tableauTableau2IR_English – Detailed figures for core inflation* and HICP**
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2016 | April 2016 | m-on-m change | y-on-y change | |
| Core inflation - All items | 6075 | 100.52 | 0.1 | 0.6 |
| Food excluding fresh products, meat, milk and exotic products | 735 | 100.01 | 0.1 | 0.0 |
| Manufactured products | 2136 | 100.05 | −0.4 | 0.0 |
| Services including actual rentals and services for dwellings | 3204 | 100.97 | 0.4 | 1.2 |
| HICP - All items | 100.19 | 0.1 | −0.1 | |
- * 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. (in French “indice d'inflation sous-jacent - ISJ)
- **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 excluding Mayotte.
- Source: INSEE - Consumer Price Indexes
Revisions
The monthly and annual rates of change in the CPI and the HICP for April 2016 are not revised compared to the provisional estimates released on 29 April 2016.
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