In October 2019, consumer prices were stable over one month and rose by 0.8% year on yearConsumer 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.
tableau Consumer 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%).
tableau Detailed figures for various groups
|2019||October 2019||m-on-m change (2)||y-on-y change (3)|
|a) All households|
|Clothing and footwear||400||104.24||1.4||0.2|
|Other manufactured products||1740||99.85||0.1||-0.1|
|Actual rentals and services for dwellings||746||101.62||0.1||0.7|
|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%).
tableau Detailed figures for Core inflation and HICP
|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|
|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
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.
Next publication of provisional results: 29 November 2019, 8.45 am
Next publication of final results: 12 December 2019, 8.45 am