Insee conjoncture
31 janvier 2019
N° 2019-26

In January 2019, consumer prices increased by 1.2% year on yearConsumer price index - provisional results - January 2019

Informations rapides
No 26
Paru le : 31/01/2019
Prochaine parution le : 28/02/2019 at 08:45 - February 2019
Warning

These provisional results are only preliminary data. Accordingly, they should not be used for contractual revaluations. The indices published here are based on a limited set of price observations and from estimates of some rates of change for fares which are not yet available. The complete results will be published on 21 February 2019.

Over a year, the Consumer Price Index (CPI) should slow down for the third consecutive month: +1.2% in January 2019 after +1.6% in December 2018, according to the provisional estimate made at the end of January 2019. The fall in inflation should result from a pronounced deceleration in the prices of energy. Services prices should rise at the same pace as in December and those in manufactured products should drop barely less than in the previous month. Contrariwise, food and tobacco prices should gather pace.

Over one month, consumer prices should fall back by 0.5% after a stability in December. The prices of manufactured products should drop sharply because of the beginning of winter sales. Those of energy should fall again, but less than in December, in the wake of petroleum product prices. Services prices should slow down due to a seasonal downturn in airfares. Food prices should also be a little less dynamic than in the previous month. At least, those of tobacco should increase after a stability in December.

Year on year, the Harmonised Index of Consumer Prices should slow down sharply to +1.4% after +1.9% in December. Over one month, it should fall back by 0.6%, after +0.1% in the previous month.

Figure 1Consumer Price Indices

Year-on-year change %; 2015: 100
Consumer Price Indices (Year-on-year change %; 2015: 100)
Weight 2019 (p) Jan. 2018 Dec.2018 Jan. 2019 (p)
CPI - All items* 10000 1.3 1.6 1.2
Food 1624 1.2 2.5 2.7
- Fresh food 244 1.8 7.8 8.3
- Other food products 1380 1.1 1.6 1.7
Tobacco 191 5.8 12.8 14.0
Energy 806 5.2 8.0 1.9
Manufactured products 2553 0.0 -0.5 -0.4
Services 4826 1.3 0.9 0.9
HICP** - All items 10000 1.5 1.9 1.4
  • (p) provisional results
  • *: Consumer Price Indices
  • **: Harmonised Index of Consumer Prices

Variations in the consumer price index

Variations in the consumer price index ()
12-month-rate 1-month-rate
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
2019-01 1.2 -0.5

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.

Publication of final results: 21 February 2019, 8.45 am

Next issue: 28 February 2019, 8.45 am


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