Insee conjoncture
4 janvier 2019
N° 2019-1

In December 2018, consumer prices increased by 1.6% year on yearConsumer price index - provisional results - December 2018

Informations rapides
No 1
Paru le : 04/01/2019
Prochaine parution le : 31/01/2019 at 08:45 - January 2019

Over a year, the Consumer Price Index (CPI) should slow down for the second consecutive month: +1.6% in December 2018 after +1.9% in November and +2.2% in October, according to the provisional estimate made at the beginning of January 2019. The fall in inflation should result from a deceleration in the prices of energy, services and tobacco and a more pronounced drop in those of manufactured products. Contrariwise, food prices should accelerate.

Over one month, consumer prices should be stable after a 0.2% downturn in November. Energy prices should fall sharply, in the wake of petroleum product prices. Those of manufactured products should edge down after a slight rise in the previous month. Conversely, those of services should pick up due to a seasonal rebound in airfares. Food prices should rise, after a drop in the previous month.

Year on year, the Harmonised Index of Consumer Prices should slow down sharply to +1.9% after +2.2% in November. Over one month, it should increase by 0.1%, after a 0.2% downturn in the previous month.

Figure 1Consumer Price Indices

Year-on-year change %; 2015: 100
Consumer Price Indices
Weight 2018 Dec. 2017 Nov.2018 Dec. 2018 (p)
CPI - All items* 10000 1,2 1,9 1,6
Food 1627 1,3 1,9 2,5
- Fresh food 243 2,6 5,0 7,8
- Other food products 1384 1,1 1,4 1,6
Tobacco 193 6,0 14,5 12,8
Energy 777 5,0 11,2 8,2
Manufactured products 2594 −0,1 -0,3 -0,5
Services 4809 1,0 1,0 0,9
HICP** - All items 10000 1,2 2,2 1,9
  • (p) provisional results
  • *: Consumer Price Indexes
  • **: Harmonised Index of Consumer Prices

Variations in the consumer price index

Variations in the consumer price index
12-month-rate 1-month-rate
2015-01 -0.4 -1.0
2015-02 -0.3 0.7
2015-03 -0.1 0.7
2015-04 0.1 0.1
2015-05 0.3 0.2
2015-06 0.3 -0.1
2015-07 0.2 -0.4
2015-08 0.0 0.3
2015-09 0.0 -0.4
2015-10 0.1 0.1
2015-11 0.0 -0.2
2015-12 0.2 0.2
2016-01 0.2 -1.0
2016-02 -0.2 0.3
2016-03 -0.1 0.7
2016-04 -0.2 0.1
2016-05 0.0 0.4
2016-06 0.2 0.1
2016-07 0.2 -0.4
2016-08 0.2 0.3
2016-09 0.4 -0.2
2016-10 0.4 0.0
2016-11 0.5 0.0
2016-12 0.6 0.3
2017-01 1.3 -0.2
2017-02 1.2 0.1
2017-03 1.1 0.6
2017-04 1.2 0.1
2017-05 0.8 0.0
2017-06 0.7 0.0
2017-07 0.7 -0.3
2017-08 0.9 0.5
2017-09 1.0 -0.2
2017-10 1.1 0.1
2017-11 1.2 0.1
2017-12 1.2 0.3
2018-01 1.3 -0.1
2018-02 1.2 0.0
2018-03 1.6 1.0
2018-04 1.6 0.2
2018-05 2.0 0.4
2018-06 2.0 0.0
2018-07 2.3 -0.1
2018-08 2.3 0.5
2018-09 2.2 -0.2
2018-10 2.2 0.1
2018-11 1.9 -0.2
2018-12 1.6 0.0

Variations in the consumer price index

Encadré

For more information

Definition-The Harmonised Index of Consumer Prices (HICP) is designed for comparison of consumer price inflation between Members States of the European Union. It is computed for all households in France except Mayotte.

Complements - Historical data are available on the BDM database:

CPI: https://www.insee.fr/en/statistiques/series/102342213

HICP: https://www.insee.fr/en/statistiques/series/103157760

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Publicationof final results: 15 January 2019, 8.45 am

Next issue: 31 January 2019, 8.45 am

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