In February 2020, consumer prices were stable over one month and increased by 1.4% year on yearConsumer price index - final results - February 2020
Monthly change: 0.0% in February; Year-on-year change: +1.4%
In February 2020, the Consumer Prices Index (CPI) were stable over a month, after −0.4% in January. Manufactured product prices rebounded due to winter sales whose duration was shorter than in the previous year (+0.2% after −2.2%). Services prices rose by 0.2% after a stability in the previous month. Contrariwise, energy prices fell back by 2.0%, after a 0.5% rise in January. Finally, food and tobacco prices were stable over a month.
Seasonally adjusted, consumer prices fell back by 0.1% in February, after +0.3% in January.
Year on year, consumer prices increased by 1.4%, after +1.5% in January. The slowdown in the prices of energy and food was partly offset by the rebound in manufactured product prices and the acceleration in those of services and tobacco.
Rise in core inflation year on year
Year on year, core inflation rose in February: +1.3% after +1.0% in the previous month. The Harmonised Index of Consumer Prices (HICP) were stable over a month, after −0.5% in January; year on year, it slightly slowed down, to +1.6%, after +1.7% in the previous month.
tableau Consumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
Sharp slowdown in energy prices
Year on year, energy prices decelerated in February to +1.1%, after a +4.5% in January. The prices of petroleum products dropped by 0.5% year on year, after +6.5% in January, due to their sharp downturn over a month. Moreover, the drop in gas prices was less pronounced (−9.4% year on year after −7.0%). Contrariwise, electricity prices sharply gathered pace (+9.7% after +7.3%).
tableau Detailed figures for various groups
|2020||February 2020||m-on-m change (2)||y-on-y change (3)|
|a) All households|
|Clothing and footwear||380||93.79||1.1||2.1|
|Other manufactured products||1699||99.79||0.4||0.5|
|Actual rentals and services for dwellings||752||101.91||0.0||0.4|
|Total except rents and tobacco||9185||104.13||0.0||1.2|
|Total except tobacco||9795||103.93||0.0||1.2|
|b) Urban working-class households or households of employees|
|All products excluding tobacco||9685||103.64||0.0||1.2|
|c) Households that belong to the lowest equivalized disposable income quintile - France|
|All products excluding tobacco||9678||103.45||0.0||1.1|
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Champ : France hors Mayotte
- Source : Insee - indices des prix à la consommation
Lesser rise in food prices year on year
In February 2020, food prices rose by 1.8% year on year, after +2.0% in January. Those of fresh produces were more dynamic than in the previous month (+3.3% year on year after +2.4%), in the wake of those of fresh vegetables (+2.8% after +0.0%) and fresh fruits (+3.4% after +3.2%). Excluding fresh produces, food prices slowed down again (+1.5% year on year after +1.9%), in particular those of meat (+3.3% after +3.9%), of non-alcoholic beverages (+0.2% after +0.7%) and of alcoholic beverages (+1.9% after +2.4%).
Rebound in manufactured products prices year on year
Year on year, manufactured product prices rebounded to +0.3% (after a −0.3% drop in January), due to the shorter duration of winter sales. Clothing and footwear prices rebounded (+2.1% year on year, after −0.3% in the previous month). The prices of “other manufactured products” increased by 0.5% year on year, after a stability in January. Thus, the prices of furniture (+2.3% year on year after +0.3%), glassware, tableware and household utensils (+1.3% after +0.3%) and personal effects (+2.1% after +1.3%) sharply gathered pace. Contrariwise, the drop in health product prices was accentuated (−2.3% after −2.0%).
Rise in service inflation
Year on year, service prices rose more than in January: +1.4% after +1.3%. The prices of transport services were more dynamic than in the previous month (+1.8% year on year after +0.4%). Moreover, those of communication services (+2.2% after +1.8%) and “other services” (+1.9% after +1.7%) gathered pace. Health service prices were stable year on year, after a 0.2% decrease in the previous month. Contrariwise, the prices of housing-related services slowed down (+0.4% after +0.8%).
tableau Detailed figures for Core inflation and HICP
|2020||February 2020||m-on-m change (1)||y-on-y change (2)|
|Core inflation - All items||6069||103.54||0.1||1.3|
|Food excluding fresh products. meat. milk and exotic products||754||103.62||0.0||0.9|
|Services including actual rentals and services for dwellings||3283||105.68||0.0||1.8|
|HICP - All items||10000||105.27||0.0||1.6|
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Compared with the provisional estimates published on February 28, 2020, the month-on-month and year-on-year changes in the CPI and in the HICP were confirmed.
Abbreviated Methodology (pdf, 131 Ko)
CPI : methodological changes for 2020 (pdf, 139 Ko)
Note données de caisse 2020 (pdf, 220 Ko)
Methodology (pdf, 141 Ko)
Next publication of provisional results: 31 March 2020 à 8h45
Next publication of final results: 15 April 2020 à 8h45