Insee conjoncture
15 mai 2019
N° 2019-124

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

Informations rapides
No 124
Paru le : 15/05/2019
Prochaine parution le : 14/06/2019 at 08:45 - May 2019

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.

Consumer Price Index (CPI), core inflation (ISJ) (1) and Harmonised Index of Consumer Prices (HICP) (2) year-on-year changes

Consumer Price Index (CPI), core inflation (ISJ) (1) and Harmonised Index of Consumer Prices (HICP) (2) year-on-year changes ()
HICP ISJ CPI
2014-01 0.8 0.2 0.6
2014-02 1.1 0.8 0.9
2014-03 0.8 0.5 0.6
2014-04 0.8 0.5 0.7
2014-05 0.8 0.3 0.7
2014-06 0.6 0.1 0.5
2014-07 0.6 0.1 0.5
2014-08 0.5 0.3 0.4
2014-09 0.4 0.1 0.3
2014-10 0.5 0.0 0.5
2014-11 0.4 -0.2 0.3
2014-12 0.1 -0.1 0.1
2015-01 -0.4 0.1 -0.4
2015-02 -0.3 0.2 -0.3
2015-03 0.0 0.2 -0.1
2015-04 0.1 0.4 0.1
2015-05 0.3 0.5 0.3
2015-06 0.3 0.5 0.3
2015-07 0.2 0.6 0.2
2015-08 0.1 0.5 0.0
2015-09 0.1 0.6 0.0
2015-10 0.2 0.8 0.1
2015-11 0.1 0.9 0.0
2015-12 0.3 0.9 0.2
2016-01 0.3 0.9 0.2
2016-02 -0.1 0.8 -0.2
2016-03 -0.1 0.7 -0.1
2016-04 -0.1 0.6 -0.2
2016-05 0.1 0.6 0.0
2016-06 0.3 0.7 0.2
2016-07 0.4 0.5 0.2
2016-08 0.4 0.4 0.2
2016-09 0.5 0.7 0.4
2016-10 0.5 0.5 0.4
2016-11 0.7 0.6 0.5
2016-12 0.8 0.4 0.6
2017-01 1.6 0.6 1.3
2017-02 1.4 0.2 1.2
2017-03 1.4 0.3 1.1
2017-04 1.4 0.4 1.2
2017-05 0.9 0.3 0.8
2017-06 0.8 0.4 0.7
2017-07 0.8 0.5 0.7
2017-08 1.0 0.4 0.9
2017-09 1.1 0.4 1.0
2017-10 1.2 0.4 1.1
2017-11 1.2 0.5 1.2
2017-12 1.2 0.5 1.2
2018-01 1.5 0.9 1.3
2018-02 1.3 0.9 1.2
2018-03 1.7 0.9 1.6
2018-04 1.8 0.9 1.6
2018-05 2.3 1.0 2.0
2018-06 2.3 0.8 2.0
2018-07 2.6 0.9 2.3
2018-08 2.6 0.9 2.3
2018-09 2.5 0.7 2.2
2018-10 2.5 0.8 2.2
2018-11 2.2 0.7 1.9
2018-12 1.9 0.7 1.6
2019-01 1.4 0.7 1.2
2019-02 1.6 0.7 1.3
2019-03 1.3 0.5 1.1
2019-04 1.5 0.7 1.3

Consumer Price Index (CPI), core inflation (ISJ) (1) and Harmonised Index of Consumer Prices (HICP) (2) year-on-year changes

  • Source: INSEE.

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%).

Detailed figures for various groups

2015:100
Detailed figures for various groups (2015:100)
Items Weight Index Percentage change
2019 April 2019 m-on-m change (2) y-on-y change (3)
a) All households
Overall 10000 104.22 0.3 1.3
Overall SA(1) 10000 104.05 0.3 1.3
Food 1619 105.27 0.1 2.5
Fresh food 244 113.80 -0.6 3.7
Other food 1375 103.88 0.2 2.3
Tobacco 191 129.65 0.1 8.1
Manufactured products 2556 98.88 0.1 -0.5
Clothing and footwear 400 103.47 1.0 -0.2
Medical products 416 90.51 -0.1 -2.5
Other manufactured products 1740 99.92 -0.1 -0.1
Energy 804 115.85 0.6 4.8
Petroleum products 425 123.15 1.8 5.7
Services 4830 104.07 0.5 1,0
Actual rentals and services for dwellings 746 101.57 0.1 -0.1
Health services 604 102.54 0.1 0.1
Transport 285 103.52 5.9 0.5
Communication 219 96.19 0.3 -3.0
Other services 2976 105.75 0.2 1.8
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%).

Detailed figures for Core inflation and HICP

2015:100
Detailed figures for Core inflation and HICP (2015:100)
Items Weight Index Percentage change
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
Manufactured products 2091 99.66 0.0 -0.2
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

Revisions

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.

Encadré

For further information

Next publication of provisional results: 29 May 2019, 8.45 am

Next publication of final results: 14 June 2019, 8.45 am

Next publication of provisional results: 29 May 2019, 8.45 am

Next publication of final results: 14 June 2019, 8.45 am


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