13 January 2016
2016- n° 5Consumer prices increased by 0.2% in December 2015 month-on-month and year-on-year Consumer price index - final results - December 2015
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.
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).
tableauOLE_LINK2 – Detailed figures for various groups
| 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 |
- Source: INSEE - Consumer Price Indexes
tableauTableau1English – Detailed figures for Core inflation* and HICP**
| 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 | |
- * 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
graphiqueGraphique1English – 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%).
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