In July 2020, consumer prices increased by 0.8% year on yearConsumer price index - provisional results - July 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 14 August 2020.
Moreover, the health crisis due to the Covid-19 impacts the quality of the data: price collection on the field was adjourned from the 16th of March to the 15th of June; on the other hand, certain products were unavailable for sale. However, in July, only 1% of CPI basket is therefore imputed due to the health crisis, after one quarter in June.
Additional information is available in “For further information”.
Over a year, the Consumer Price Index (CPI) should rise by 0.8% in July 2020, after +0.2% in the previous month, according to the provisional estimate made at the end of the month. This rise in inflation should result from a rebound in manufactured products, linked to the postponed summer sales, and a smaller fall in energy prices. Contrariwise, the prices of food, and to a lesser extent services and tobacco, would slow down.
Over one month, consumer prices should rise by 0.4%, after +0.1% in the previous month. Service prices should accelerate seasonally during this summer period, and tobacco prices should rise after being stable last month. Contrariwise, food prices should fall further and energy prices would slow down. Finally, prices of manufactured products should stabilize after falling last month.
Year on year, the Harmonised Index of Consumer Prices should accelerate, to +0.9%, after +0.2% in June. Over one month, it should increase by 0.4%, after +0.1% in the previous month.
tableau Consumer Price Indices
|Weight 2020||July 2019||June 2020||July 2020 (p)|
|CPI - All items*||10000||1.1||0.2||0.8|
|- Fresh food||230||6.8||11.8||2.2|
|- Other food products||1380||2.3||1.0||0.9|
|HICP** - All items||10000||1.3||0.2||0.9|
- (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 data, 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) was suspended from the 16th of March and the 15th of June. Despite the introduction of new collection methods (price collection on the Internet, telephone collection, increased use of cash register data), the quality of the April, May and June indices (and to a lesser extent March) was affected; as a result, the monthly changes between June and July 2020 should be viewed with more caution. In addition, few products were still unavailable for sale. These missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines.
For further information: https://insee.fr/en/statistiques/4635780#documentation
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: 14 August 2020 at 8:45 am
Next publication: 28 august 2020 at 8:45 am