14 November 2019
2019- n° 293In October 2019, consumer prices were stable over one month and rose by 0.8% year
on year Consumer price index - final results - October 2019
Monthly change: 0.0% in October; Year-on-year change: +0.8%
In October 2019, the Consumer Prices Index (CPI) was stable over a month, after a 0.3% downturn in September. This stability resulted from a little increase in manufactured product prices (+0.3% after +1.5%), offset by a drop in services prices (−0.1% after −1.3%) and in food prices (−0.4% after −0.5%). Energy prices were stable over a month, after a 0.3% rise in the previous month. Finally, tobacco prices were unchanged over a month.
Seasonally adjusted, consumer prices were stable over a month, as in September.
Year on year, consumer prices slowed down for the fourth consecutive month: +0.8% in October after +0.9% in September. This slight fall in inflation came from a downturn in energy prices and a slowdown in food prices, partly offset by a lesser drop in those of manufactured products. Finally, services inflation was stable.
Rise in core inflation year on year
Year on year, core inflation increased in October: +1.0% after +0.9% in the previous month. The Harmonised Index of Consumer Prices (HICP) fell over a month anew (−0.1% after −0.4% in September); year on year, it rose by 0.9%, after +1.1% in the previous month.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
HICP | CPI | ISJ | |
---|---|---|---|
2014-01 | 0.8 | 0.6 | 0.2 |
2014-02 | 1.1 | 0.9 | 0.8 |
2014-03 | 0.8 | 0.6 | 0.5 |
2014-04 | 0.8 | 0.7 | 0.5 |
2014-05 | 0.8 | 0.7 | 0.3 |
2014-06 | 0.6 | 0.5 | 0.1 |
2014-07 | 0.6 | 0.5 | 0.1 |
2014-08 | 0.5 | 0.4 | 0.3 |
2014-09 | 0.4 | 0.3 | 0.1 |
2014-10 | 0.5 | 0.5 | 0.0 |
2014-11 | 0.4 | 0.3 | -0.2 |
2014-12 | 0.1 | 0.1 | -0.1 |
2015-01 | -0.4 | -0.4 | 0.1 |
2015-02 | -0.3 | -0.3 | 0.2 |
2015-03 | 0.0 | -0.1 | 0.2 |
2015-04 | 0.1 | 0.1 | 0.4 |
2015-05 | 0.3 | 0.3 | 0.5 |
2015-06 | 0.3 | 0.3 | 0.5 |
2015-07 | 0.2 | 0.2 | 0.6 |
2015-08 | 0.1 | 0.0 | 0.5 |
2015-09 | 0.1 | 0.0 | 0.6 |
2015-10 | 0.2 | 0.1 | 0.8 |
2015-11 | 0.1 | 0.0 | 0.9 |
2015-12 | 0.3 | 0.2 | 0.9 |
2016-01 | 0.3 | 0.2 | 0.9 |
2016-02 | -0.1 | -0.2 | 0.8 |
2016-03 | -0.1 | -0.1 | 0.7 |
2016-04 | -0.1 | -0.2 | 0.6 |
2016-05 | 0.1 | 0.0 | 0.6 |
2016-06 | 0.3 | 0.2 | 0.7 |
2016-07 | 0.4 | 0.2 | 0.5 |
2016-08 | 0.4 | 0.2 | 0.4 |
2016-09 | 0.5 | 0.4 | 0.7 |
2016-10 | 0.5 | 0.4 | 0.5 |
2016-11 | 0.7 | 0.5 | 0.6 |
2016-12 | 0.8 | 0.6 | 0.4 |
2017-01 | 1.6 | 1.3 | 0.6 |
2017-02 | 1.4 | 1.2 | 0.2 |
2017-03 | 1.4 | 1.1 | 0.3 |
2017-04 | 1.4 | 1.2 | 0.4 |
2017-05 | 0.9 | 0.8 | 0.3 |
2017-06 | 0.8 | 0.7 | 0.4 |
2017-07 | 0.8 | 0.7 | 0.5 |
2017-08 | 1.0 | 0.9 | 0.4 |
2017-09 | 1.1 | 1.0 | 0.4 |
2017-10 | 1.2 | 1.1 | 0.4 |
2017-11 | 1.2 | 1.2 | 0.5 |
2017-12 | 1.2 | 1.2 | 0.5 |
2018-01 | 1.5 | 1.3 | 0.9 |
2018-02 | 1.3 | 1.2 | 0.9 |
2018-03 | 1.7 | 1.6 | 0.9 |
2018-04 | 1.8 | 1.6 | 0.9 |
2018-05 | 2.3 | 2.0 | 1.0 |
2018-06 | 2.3 | 2.0 | 0.8 |
2018-07 | 2.6 | 2.3 | 0.9 |
2018-08 | 2.6 | 2.3 | 0.9 |
2018-09 | 2.5 | 2.2 | 0.7 |
2018-10 | 2.5 | 2.2 | 0.8 |
2018-11 | 2.2 | 1.9 | 0.7 |
2018-12 | 1.9 | 1.6 | 0.7 |
2019-01 | 1.4 | 1.2 | 0.7 |
2019-02 | 1.6 | 1.3 | 0.7 |
2019-03 | 1.3 | 1.1 | 0.5 |
2019-04 | 1.5 | 1.3 | 0.7 |
2019-05 | 1.1 | 0.9 | 0.5 |
2019-06 | 1.4 | 1.2 | 0.9 |
2019-07 | 1.3 | 1.1 | 0.9 |
2019-08 | 1.3 | 1.0 | 0.7 |
2019-09 | 1.1 | 0.9 | 0.9 |
2019-10 | 0.9 | 0.8 | 1.0 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
Downturn in energy prices
Year on year, energy prices fell back in October for the first time since September 2016: −1.6% after +0,2%. The drop in the prices of petroleum products was accentuated in October (−4.5% year on year after −2.6%): over a month, their rise (+0.6%) was less marked than that in October 2018 (+2.6%). Gas prices fell also more than in the previous month (−7.8% year on year after −3.4%).
tableauDetailed figures for various groups
Items | Weight | Index | Percentage change | |
---|---|---|---|---|
2019 | October 2019 | m-on-m change (2) | y-on-y change (3) | |
a) All households | ||||
Overall | 10000 | 104.46 | 0.0 | 0.8 |
Overall SA(1) | 10000 | 104.45 | 0.0 | 0.8 |
Food | 1619 | 106.15 | -0.4 | 1.8 |
Fresh food | 244 | 115.64 | -3.2 | -0.1 |
Other food | 1375 | 104.61 | 0.1 | 2.1 |
Tobacco | 191 | 130.28 | 0.0 | 8.8 |
Manufactured products | 2556 | 98.82 | 0.3 | -0.5 |
Clothing and footwear | 400 | 104.24 | 1.4 | 0.2 |
Medical products | 416 | 89.75 | -0.1 | -3.0 |
Other manufactured products | 1740 | 99.85 | 0.1 | -0.1 |
Energy | 804 | 115.52 | 0.0 | -1.6 |
Petroleum products | 425 | 120.56 | 0.6 | -4.5 |
Services | 4830 | 104.33 | -0.1 | 1.2 |
Actual rentals and services for dwellings | 746 | 101.62 | 0.1 | 0.7 |
Health services | 604 | 102.33 | 0.2 | -0.2 |
Transport | 285 | 101.96 | 3.0 | 1.6 |
Communication | 219 | 96.950 | 0.0 | 0.9 |
Other services | 2976 | 106.29 | -0.4 | 1.6 |
Total except rents and tobacco | 9208 | 104.20 | 0.0 | 0.6 |
Total except tobacco | 9809 | 103.99 | 0.0 | 0.6 |
b) Urban working-class households or households of employees | ||||
All products excluding tobacco | 9707 | 103.75 | 0.0 | 0.6 |
c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
All products excluding tobacco | 9700 | 103.60 | 0.1 | 0.6 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Champ : France hors Mayotte
- Source : Insee - indices des prix à la consommation
Slowdown in food prices year on year
In October 2019, food prices sharply slowed down, as in September: +1.8% year on year, after +2.1% in September and +3.1% in August. Those of fresh products edged down (−0.1% year on year after +2.0%), in the wake of the prices of fresh vegetables (−3.7% after +2.6%), whereas those of fresh fruits recovered (+0.7% after −1.5%). Excluding fresh products, food prices rose at the same pace as in the previous month (+2.1% year on year).
Lesser drop in manufactured products prices year on year
Year on year, manufactured product prices dropped less sharply in October than in September: −0.5%, after −0.7%. This attenuated fall came from a rebound in clothing and footwear prices (+0.2% after −1.2%) whereas those of “other manufactured products” fell by 0.1% year on year, as in the previous month. Furniture prices recovered (+0.8% year on year after −0.4%) and the drop in household appliances prices was accentuated (−1.5% after −1.2%). Finally, health product prices dropped by 3.0% year on year, as in the previous month.
Stability in services inflation
Year on year, services prices rose by 1.2%, as in September. The prices of transport services gathered pace, to +1.6% year on year after a slowdown in September (+0.8%), in the wake of airfares (+3.3% after +0.8%). Contrariwise, the prices of “other services” (+1.6% after +1.7%) and of housing-related services (+0.7% after +0.8%) slightly slowed down. Health services prices dropped by 0.2% year on year, after −0.3% in September. Finally, the prices of communication services rose year on year at the same pace as in the previous month (+0.9%).
tableauDetailed figures for Core inflation and HICP
Items | Weight | Index | Percentage change | |
---|---|---|---|---|
2019 | October 2019 | m-on-m change (1) | y-on-y change (2) | |
Core inflation - All items | 6048 | 103.00 | 0.1 | 1.0 |
Food excluding fresh products. meat. milk and exotic products | 740 | 103.40 | 0.2 | 1.6 |
Manufactured products | 2091 | 99.73 | 0.2 | 0.0 |
Services including actual rentals and services for dwellings | 3217 | 105.15 | 0.1 | 1.5 |
HICP - All items | 10000 | 105.20 | -0.1 | 0.9 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared with the provisional estimates published on October 31, 2019, the month-on-month and year-on-year changes in the CPI were up by 0.1 points, those in the HICP were confirmed.
For further information
Next publication of provisional results: 29 November 2019, 8.45 am
Next publication of final results: 12 December 2019, 8.45 am
Pour en savoir plus
Next publication of provisional results: 29 November 2019, 8.45 am
Next publication of final results: 12 December 2019, 8.45 am