In April 2019, consumer prices rose by 0.3% over one month and by 1.3% year on yearConsumer price index - final results - April 2019
- Monthly change: +0.3% in April; Year-on-year change: +1.3%
- Rise in core inflation year on year
- Acceleration in services prices
- Slightly lesser drop in manufactured product prices year on year
- Drop in energy inflation
- Stability in food inflation
Monthly change: +0.3% in April; Year-on-year change: +1.3%
In April 2019, the Consumer Prices Index (CPI) rose by 0.3% over a month, after +0.8% in March 2019. The prices of manufactured product (+0.1% after +2.1%), energy (+0.6% after +1.1%) and tobacco (+0.1% after +7.3%) slowed down sharply in April. Contrariwise, services prices accelerated (+0.5% after 0.2%) and those of food rebounded very slightly (+0.1% after −0.2%).
Seasonally adjusted, consumer prices increased by 0.3% over a month, after +0.1% in March.
Year on year, consumer prices gathered pace in April to +1.3% after +1.1% in March 2019. This rise in inflation came from a year-on-year acceleration in services prices and, to a lesser extent, a little less marked drop in those of manufactured product. Contrariwise, energy prices slowed down. Food and tobacco prices rose, year on year, at the same pace as in March.
Rise in core inflation year on year
Year on year, core inflation rose by +0.7%, after +0.5% in March, returning at the level observed from November 2018 to February 2019. The Harmonised Index of Consumer Prices (HICP) slowed down, over a month, to +0.4% in April, after +0.9% in March; year on year, it grew by 1.5%, after +1.3% in the previous month.
tableau Consumer Price Index (CPI), core inflation (ISJ) (1) and Harmonised Index of Consumer Prices (HICP) (2) year-on-year changes
Acceleration in services prices
In April 2019, services prices were more dynamic than in March: +1.0% year on year after +0.6% in the previous month. Transport prices rebounded to +0.5% year on year after −0.9% in the previous month, in particular airfares (+3.3% after −3.3%). The prices for "other services" gathered pace anew (+1.8% year on year after +1.4%) and those of communication services fell less than in March (−3.0% after −3.3%). Moreover, health services prices slightly rose in April (+0.1% year on year after −0.2%). Finally, the housing-related services prices dropped less than in March (−0.1% after −0.2%).
tableau Detailed figures for various groups
|2019||April 2019||m-on-m change (2)||y-on-y change (3)|
|a) All households|
|Clothing and footwear||400||103.47||1.0||-0.2|
|Other manufactured products||1740||99.92||-0.1||-0.1|
|Actual rentals and services for dwellings||746||101.57||0.1||-0.1|
|Total except rents and tobacco||9208||103.97||0.3||1.2|
|Total except tobacco||9809||103.76||0.3||1.1|
|b) Urban working-class households or households of employees|
|All products excluding tobacco||9707||103.52||0.3||1.0|
|c) Households that belong to the lowest equivalized disposable income quintile - France|
|All products excluding tobacco||9700||103.41||0.4||1.0|
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Champ : France hors Mayotte
- Source : Insee - indices des prix à la consommation
Slightly lesser drop in manufactured product prices year on year
Year on year, the fall in manufactured product prices was slightly mitigated in April (−0.5% after −0.6%). This drop, a little less stronger, came from a lesser fell in the prices of clothing and footwear (−0.2% year on year after −0.3%) and health products (−2.5% after −2.7%). The prices of “other manufactured products” barely dropped, as in March (−0.1% year on year). The prices of major household appliances fell more (−2.6% year on year after −1.8%) and those of glassware, tableware and household utensils slowed down (+0.9% after +1.4%). Contrariwise, the prices of durable goods for open-air recreation gathered pace (+1.6% year on year after +1.3%), as those in non-electric appliances and products for personal care (+0.5% after +0.1%).
Drop in energy inflation
Energy inflation decreased in April 2019 after two months of increase (+4.8% year on year after +5.1% in March). The petroleum products prices slowed down (+5.7% year on year after +6.0%), due to a less pronounced monthly rise than the previous year. Those of gas also decelerated (+14.0% year on year after +15.2%).
Stability in food inflation
In April 2019, food prices rose by 2.5% year on year, as in March 2019. Those in fresh products were less dynamic than in the previous month (+3.7% year on year after +4.2% in March), due to a slowdown in the prices of fresh fruits (+0.5% after +1.3%), fresh vegetables (+3.3% after +3.6%) and fresh fish (+4.5% after +6.0%). Excluding fresh products, food prices barely accelerated (+2.3% after +2.2%).
tableau Detailed figures for Core inflation and HICP
|2019||April 2019||m-on-m change (1)||y-on-y change (2)|
|Core inflation - All items||6048||102.53||0.3||0.7|
|Food excluding fresh products. meat. milk and exotic products||740||103.08||0.1||2.0|
|Services including actual rentals and services for dwellings||3217||104.35||0.5||1.0|
|HICP - All items||10000||104.93||0.4||1.5|
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Compared with the provisional estimates published on April 30, 2019, the month-on-month and year-on-year changes in the CPI and in the HICP were up by 0.1points.
Next publication of provisional results: 29 May 2019, 8.45 am
Next publication of final results: 14 June 2019, 8.45 am