In March 2020, consumer prices increased by 0.6% year on yearConsumer price index - provisional results - March 2020
These provisional results are only preliminary data. Accordingly, they should not be used for contractual revaluations. The indices published here are based on a limited set of price observations and from estimates of some rates of change for fares which are not yet available. The complete results will be published on 15 april 2020. Moreover, since March the 16th, INSEE has no longer sent its collectors to collect prices in physical outlets; the indices of this publication were therefore mainly calculated over a period before the lockdown period due to the coronavirus. Additional information is available in “For further information”.
Over a year, the Consumer Price Index (CPI) should rise by 0.6% in March 2020, after +1.4% in the previous month, according to the provisional estimate made at the end of the month. The sharp drop in inflation should result from a strong downturn in the prices of energy and manufactured products and a slowdown in services and tobacco prices. Food prices should increase, year on year, barely more than in February.
Over one month, consumer prices should be stable, as in the previous month. Tobacco prices should rise sharply, due to a tax increase. Manufactured product prices should accelerate due to the end of the winter sale in February. Contrariwise, the drop in energy prices should be stronger, in the wake of petroleum product prices. Finally, service and food prices should fall down.
Year on year, the Harmonised Index of Consumer Prices should slow down, to +0.7%, after +1.6% in February. Over one month, it should be stable, as in the previous month.
tableau Consumer Price Indices
|Weight 2020||March 2019||February 2020||March 2020 (p)|
|CPI - All items*||10000||1.1||1.4||0.6|
|- Fresh food||230||4.2||3.3||4.1|
|- Other food products||1380||2.2||1.5||1.5|
|HICP** - All items||10000||1.3||1.6||0.7|
- (p) provisional results
- *: Consumer Price Indices
- **: Harmonised Index of Consumer Prices
tableau Variations in the consumer price index
Using scanner data from 2020 on : Impact on the CPI (pdf, 216 Ko)
Abbreviated Methodology (pdf, 131 Ko)
CPI : methodological changes for 2020 (pdf, 139 Ko)
The CPI is calculated using scanner datas, prices collected by Insee collectors in physical outlets and a centralized collection (online collect, administrative data). The price collection carried out by collectors on the field (about 40% in the CPI) stopped on 16 March: for the concerned products, the price changes on the end of March were imputed from the price changes observed at the beginning of the month.
The Harmonised Index of Consumer Prices (HICP) is designed for comparison of consumer price inflation between Members States of the European Union. It is computed for all households in France except Mayotte.
Publication of final results: 15 april 2020, 8.45 am
Next publication: 30 April 2020, 8.45 am