12 septembre 2019
N° 2019-235

In August 2019, consumer prices increased by 0.5% over one month and by 1.0% year on yearConsumer price index - final results - August 2019

Informations rapides
No 235
Paru le : Paru le 12/09/2019
Prochaine parution le : 14/11/2019 at 08:45 - October 2019
Informations rapides  No 235 - septembre 2019

Monthly change: +0.5% in August; Year-on-year change: +1.0%

In August 2019, the Consumer Prices Index (CPI) recovered, to +0.5% over a month, after a 0.2% downturn in July. This rebound resulted from that, seasonal, in manufactured product prices (+0.9% after −2.8% in July) due to the end of summer sales. Energy prices were stable after an accentuated drop in the previous month (−1.1% in July). Services prices slowed down (+0.4% after +1.0%), essentially due to airfares and accommodation services prices. Food prices rose by 0.5%, as in the previous month. Finally, tobacco prices were stable over a month.

Seasonally adjusted, consumer prices barely increased: +0.1% over a month, as in July.

Year on year, consumer prices slightly slowed down: +1.0% in August, after +1.1% in July. This slight fall in inflation came from a more marked year-on-year drop in manufactured products prices, partly offset by a barely sharper rise in food prices. Moreover, the inflation in energy and services was stable.

Drop in core inflation year on year

Year on year, core inflation dropped in August: +0.7% year on year, after +0.9% in the previous month. The Harmonised Index of Consumer Prices (HICP) rebounded over a month, to +0.5% after −0.2% in July; year on year, it rose by 1.3%, as 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
2019-07 1.3 0.9 1.1
2019-08 1.3 0.7 1.0

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

  • Source: INSEE.

Sharper fall in manufactured products prices year on year

Year on year, manufactured product prices dropped more in August than in July: −0.9%, after −0.6%. This accentuated decline came from a downturn in clothing and footwear prices after a rebound in the previous month (−1.4% after +0.3%). The prices in “other manufactured products” prices fell by 0.4% year on year after −0.3% in July: the new motor cars prices sharply dropped (−1.1% after −0.5%), whereas those of glassware, tableware and household utensils gathered pace (+1.7% after +0.8%) and those of personal effects rebounded (+0.6% after −0.1%). Finally, the drop in health product prices was attenuated (−2.9% after −3.2%).

Detailed figures for various groups

2015:100
Detailed figures for various groups (2015:100)
Items Weight Index Percentage change
2019 August 2019 m-on-m change (2) y-on-y change (3)
a) All households
Overall 10000 104.86 0.5 1.0
Overall SA(1) 10000 104.54 0.1 1.0
Food 1619 107.15 0.5 3.1
Fresh food 244 122.49 1.4 8.5
Other food 1375 104.69 0.3 2.2
Tobacco 191 130.24 0.0 8.7
Manufactured products 2556 97.11 0.9 -0.9
Clothing and footwear 400 94.67 4.5 -1.4
Medical products 416 89.85 0.0 -2.9
Other manufactured products 1740 99.39 0.3 -0.4
Energy 804 115.12 0.0 0.8
Petroleum products 425 118.86 -0.7 -1.9
Services 4830 105.83 0.4 1.1
Actual rentals and services for dwellings 746 101.57 0.0 0.8
Health services 604 102.13 -0.2 -0.1
Transport 285 110.77 0.4 1.3
Communication 219 96.26 0.0 -0.5
Other services 2976 108.01 0.6 1.4
Total except rents and tobacco 9208 104.64 0.5 0.9
Total except tobacco 9809 104.40 0.5 0.9
b) Urban working-class households or households of employees
All products excluding tobacco 9707 103.88 0.4 0.8
c) Households that belong to the lowest equivalized disposable income quintile - France
All products excluding tobacco 9700 103.86 0.4 0.9
  • (1) seasonally adjusted
  • (2) : [m/(m-1)]
  • (3) : [m/(m-12)]
  • Champ : France hors Mayotte
  • Source : Insee - indices des prix à la consommation

Slight acceleration rise in food prices year on year

In August 2019, food prices rose by 3.1% year on year, after +3.0% in July. Those of fresh products were more dynamic than in the previous month (+8.5% year on year after +6.8% in July), due to a marked acceleration in the prices of fresh vegetables (+16.8% after +10.6%) and a rebound in those of fresh fruits (+1.0% after −0.5%). Excluding fresh products, food prices rose at a pace near to that in the previous months (+2.2% year on year after +2.3%).

Stability in energy inflation

Energy inflation was unchanged in August, to +0.8% year on year. This stability resulted from an accentuated drop in the prices of petroleum product (−1.9% year on year after −1.0%) and those of gas (−2.2% after −1.8%), offset by a sharp acceleration in electricity prices (+7.3% after +5.6%).

Same rise in services prices year on year as in July

Year on year, services prices increased by 1.1% in August, as in July 2019. Transport prices accelerated to +1.3% year on year after a slowdown in July (+0.9%), in the wake of airfares (+2.8% year on year after +1.4%). The drop in communication services prices was sharply attenuated (−0.5% after −2.0%). The prices in housing-related services rose by 0.8% year on year after +0.7% while those of “other services” slowed down to +1.4% after +1.6%. Furthermore, health services prices dropped by 0.1% year on year, after −0.2 % in the previous month.

Detailed figures for Core inflation and HICP

2015:100
Detailed figures for Core inflation and HICP (2015:100)
Items Weight Index Percentage change
2019 August 2019 m-on-m change (1) y-on-y change (2)
Core inflation - All items 6048 102.78 -0.1 0.7
Food excluding fresh products. meat. milk and exotic products 740 103.27 0.0 1.7
Manufactured products 2091 99.36 -0.5 -0.5
Services including actual rentals and services for dwellings 3217 104.94 0.2 1.3
HICP - All items 10000 105.67 0.5 1.3
  • (1) : [m/(m-1)]
  • (2) : [m/(m-12)]
  • Source: INSEE - Consumer Price Indices

Revisions

Compared with the provisional estimates published on August 30, 2019, the month-on-month changes in the CPI and in the HICP have been confirmed. The year-on-year change in the CPI was down by 0.1 points and the one in the HICP was up by 0.1 points.

For further information

Next publication of provisional results: 27 September 2019, 8.45 am

Next publication of final results: 15 October 2019, 8.45 am

Documentation

Methodology (pdf, 198 Ko)

Methodology (pdf, 141 Ko)

Next publication of provisional results: 27 September 2019, 8.45 am

Next publication of final results: 15 October 2019, 8.45 am


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