14 November 2019
N° 2019-293

In October 2019, consumer prices were stable over one month and rose by 0.8% year on yearConsumer price index - final results - October 2019

Informations rapides
No 293
Paru le : Paru le 14/11/2019
Prochaine parution le : 12/12/2019 at 08:45 - November 2019
Informations rapides  No 293 - November 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.

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 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

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

  • Source: INSEE.

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%).

Detailed figures for various groups

2015:100
Detailed figures for various groups (2015:100)
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%).

Detailed figures for Core inflation and HICP

2015:100
Detailed figures for Core inflation and HICP (2015:100)
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

Documentation

Methodology (pdf, 198 Ko)

Methodology (pdf, 141 Ko)

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

Next publication of final results: 12 December 2019, 8.45 am


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