Insee conjoncture
11 juillet 2019
N° 2019-180

In June 2019, consumer prices rose by 0.2% over one month and by 1.2% year on yearConsumer price index - final results - June 2019

Informations rapides
No 180
Paru le : 11/07/2019
Prochaine parution le : 14/08/2019 at 08:45 - July 2019

Monthly change: +0.2% in June; Year-on-year change: +1.2%

In June 2019, the Consumer Prices Index (CPI) rose by 0.2% over a month, after +0.1% in May 2019. This increase, barely stronger than in the previous month, came from a rebound, over a month, in services prices (+0.5% after −0.2%), partly offset by a slight downturn in energy prices (−0.1% after +0.6%) and a slowdown in those of food (+0.1% after +0.7%). The prices of manufactured products were stable over a month, after +0.2% in May. Similarly, tobacco prices were unchanged in June after +0.3% in the previous month.

Seasonally adjusted, consumer prices rebounded to +0.3% over a month, after −0.1% in May.

Year on year, consumer prices gathered pace in June to +1.2% after +0.9% in May 2019. This rise in inflation resulted from a strong acceleration in services prices and, to a lesser extent, in those of food. Contrariwise, energy prices sharply slowed down. Those of manufactured products dropped by 0.7%, as in the previous month. Finally, tobacco prices rose by 9.0% year on year after +9.1% in May.

Rise in core inflation year on year

Year on year, core inflation rose by 0.9%, after +0.5% in May. The Harmonised Index of Consumer Prices (HICP) accelerated, over a month, to +0.3% in June, after +0.1% in May; year on year, it grew by 1.4%, after +1.1% in the previous month.

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

Consumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) 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
2019-05 1.1 0.5 0.9
2019-06 1.4 0.9 1.2

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

  • Source: INSEE.

Sharp acceleration in services prices

In June 2019, services prices were sharply more dynamic than in May: +1.2% year on year after +0.6% in the previous month. Transport prices strongly rebounded to +1.5% year on year after −1.5% in the previous month, in the wake of airfares (+2.4% after −2.5%). The prices of housing-related services rose by 0.7% year on year after −0.2% in May, due to a drop, in June 2018, in social rental prices concurrent with these in individual housing benefits. The prices of "other services" gathered pace (+1.7% year on year after +1.5%). Those of communication services (−1.1% after −3.4%) and health services (−0.2% year on year after −0.4%) fell less than in May.

Detailed figures for various groups

2015:100
Detailed figures for various groups (2015:100)
Items Weight Index Percentage change
2019 June 2019 m-on-m change (2) y-on-y change (3)
a) All households
Overall 10000 104.58 0.2 1.2
Overall SA(1) 10000 104.28 0.3 1.2
Food 1619 106.10 0.1 2.6
Fresh food 244 117.46 0.0 3.7
Other food 1375 104.26 0.1 2.3
Tobacco 191 130.01 0.0 9.0
Manufactured products 2556 99.02 0.0 -0.7
Clothing and footwear 400 103.90 0.1 -0.9
Medical products 416 90.00 -0.2 -3.1
Other manufactured products 1740 100.15 0.0 0.0
Energy 804 116.39 -0.1 2.4
Petroleum products 425 120.42 -3.4 -1.3
Services 4830 104.37 0.5 1.2
Actual rentals and services for dwellings 746 101.51 0.0 0.7
Health services 604 102.32 0.2 -0.2
Transport 285 102.11 3.3 1.5
Communication 219 97.26 1.1 -1.1
Other services 2976 106.35 0.4 1.7
Total except rents and tobacco 9208 104.35 0.3 1.0
Total except tobacco 9809 104.12 0.3 1.0
b) Urban working-class households or households of employees
All products excluding tobacco 9707 103.86 0.2 0.9
c) Households that belong to the lowest equivalized disposable income quintile - France
All products excluding tobacco 9700 103.70 0.3 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

Sharper rise in food prices

In June 2019, food prices rose by 2.6% year on year, after +2.3% in May 2019. Those in fresh products increased sharply stronger than in the previous month (+3.7% year on year after +2.3% in May), due to a marked acceleration in the prices of fresh vegetables (+6.9% after +2.5%). Excluding fresh products, food prices rose at the same pace as in the two previous months (+2.3% year on year).

Lesser increase in energy prices

Energy inflation decreased in June 2019 for the third consecutive month (+2.4% year on year after +3.4% in May). The downturn in petroleum products prices (−1.3% year on year after +3.4%) and a slowdown in gas prices (+10.5% after +13.1%) were partly offset by a sharp rebound in electricity prices (+5.6% after −0.3%).

Stable inflation in manufactured products

Year on year, manufactured product prices dropped by 0.7% in June, as in May. The prices of clothing and footwear decreased more than in the previous month (−0.9% year on year after −0.7%). Similarly, the drop in health products prices was accentuated (−3.1% after −2.8%). The prices of “other manufactured products” were stable year on year, after a 0.1% drop in the three previous months. The prices of furniture and furnishings rebounded (+0.3% year on year after +0.9%) and those of gardens, plants and flowers (+0.6% after +1.4%) slowed down. The prices of equipment of sport dropped more (−1.3% after −0.7%). Contrariwise, those of cars accelerated (+1.2% after +0.9%) and the drop of telephone equipment was attenuated (−10.3% after −11.8%).

Detailed figures for Core inflation and HICP

2015:100
Detailed figures for Core inflation and HICP (2015:100)
Items Weight Index Percentage change
2019 June 2019 m-on-m change (1) y-on-y change (2)
Core inflation - All items 6048 102.77 0.4 0.9
Food excluding fresh products. meat. milk and exotic products 740 103.21 0.1 1.9
Manufactured products 2091 99.74 0.1 -0.2
Services including actual rentals and services for dwellings 3217 104.72 0.6 1.4
HICP - All items 10000 105.35 0.3 1.4
  • (1) : [m/(m-1)]
  • (2) : [m/(m-12)]
  • Source: INSEE - Consumer Price Indices

Revisions

Compared with the provisional estimates published on June 28, 2019, the month-on-month and year-on-year changes in the CPI and in the HICP were confirmed.

Encadré

For further information

Next publication of provisional results: 31 July 2019, 8.45 am

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

Documentation

Methodology (pdf, 198 Ko)

Methodology (pdf, 141 Ko)

Next publication of provisional results: 31 July 2019, 8.45 am

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


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