In September 2020, consumer prices fell by 0.5% over one month and were stable year on yearConsumer price index - final results - September 2020
- Monthly change: −0.5% in September; Year-on-year change: 0.0%
- Stability in core inflation year on year
- Slowdown in service prices year on year
- Accentuated decline in energy prices year on year
- Stable growth in food prices year on year
- Same decrease in manufactured product prices year on year as in August
- For further information
Monthly change: −0.5% in September; Year-on-year change: 0.0%
In September 2020, the Consumer Price Index (CPI) fell by 0.5% over a month, after –0,1% in August 2020. Service prices declined sharply (–1.5% after +0.3% in August). Those of energy (–0.7% after +0.3%) and food prices (–0.5% after +0.2%) decreased and those of tobacco were stable. Finally, manufactured product prices rebounded strongly (+1.6% after a 1.2% drop in the previous month).
Seasonally adjusted, consumer prices dropped by 0.2% in September, after –0.5% in August.
Year on year, consumer prices were stable, after +0.2% in the previous month. This is the result of a slowdown in service prices and an accentuated decline of those of energy. The prices of tobacco rose less, year on year, than in August (+13.7% after +13.8% in August). Finally, the food prices and those of manufactured product prices evolved at the same rate as in the previous month.
Stability in core inflation year on year
Year on year, core inflation increased, in September, by 0.5% year on year, at the same rate as in the previous month. The Harmonised Index of Consumer Prices (HICP) fell by 0.6% over a month, after –0.1% in the previous month; year on year, it was stable, after +0.2% in August.
tableau Consumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
Slowdown in service prices year on year
Year on year, service prices increased by 0.6% in September, after +0.9% in August 2020. The prices of “other services” slowed down (+1.1% after 1.6%) in connection with the downturn in accommodation service prices (–2.2% after +1.5%), as those of communication services (+1.6% after +1.8%). The prices of transport services fell less than in the previous month (–3.0% after –4.4%) in the wake of airfares (–7.6% after –12.8%). The prices of housing-related services accelerate a bit (+0.3% after +0.2%). Finally, health services prices increased as the same rate than in August (+0.3% year on year).
Accentuated decline in energy prices year on year
Year on year, the drop in energy prices amplified: −8.0% in September, after −7.1% in August. Petroleum product prices fell more than in the previous month (–14.7% year on year after –12.7% in August) unlike those of gas those of gas (–10.9% after –11.9%). Electricity prices increased at the same rate as in the previous month (+3.9%).
Stable growth in food prices year on year
In September 2020, food prices increased at the same rate as in the previous month (+0.9%). The prices of fresh food produces were more dynamic than in the previous month (+2.3% after +1.5%) in link with those of fresh fruits (+8.8% after +8.5%). The prices of fresh vegetables fell in a less marked way (–1.7% after –3.7%) and those of fresh fishes were stable (0.0% after –0.4%). Excluding fresh produces, food prices slowed down to +0.7% after +0.8% in the previous month. The prices of meat slowed down (+1.9% after +2.0%) and those of sugar, jam, honey, chocolate and confectionery decreased more strongly than in the previous month (–0.6% after –0.1%). The prices of alcoholic beverages increased to 0.9% after +1.2% in August.
tableau Detailed figures for various groups
|2020||September 2020||m-on-m change (2)||y-on-y change (3)|
|a) All households|
|Clothing and footwear||380||101.52||9.1||-1.3|
|Other manufactured products||1699||100.25||0.4||0.5|
|Actual rentals and services for dwellings||752||101.81||0.0||0.3|
|Total except rents and tobacco||9185||103.98||-0.6||-0.3|
|Total except tobacco||9795||103.80||-0.5||-0.2|
|b) Urban working-class households or households of employees|
|All products excluding tobacco||9685||103.55||-0.3||-0.2|
|c) Households that belong to the lowest equivalized disposable income quintile - France|
|All products excluding tobacco||9685||103.13||-0.4||-0.4|
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France (Mayotte excluded)
- Source : INSEE – Consumer Price Indices
Same decrease in manufactured product prices year on year as in August
Year on year, manufactured product prices fell by 0.2% as in the previous month. Clothing and footwear prices dropped less than in the previous month (–1.3% year on year after –1.7% in August and –1.3% in June before the delayed sales this year) and those of “other manufactured products” accelerate a bit (+0.5% after +0.4% in August and –0,1% in June). The prices of new motors increased (+0.2% after +0.1% in August) as those of games and hobbies (+1.2% after +0.1%) and information processing equipment (+0.6% after –1.6%). The prices of household furniture (+2.4% after +2.6%), those of major household appliances (0.0% after +0.4%), and those of glassware, tableware and household utensils (+0.5% after +0.6%) slowed down. Finally, health product prices fell less than in the previous month (−1.9% year-on-year, after −2.0% in August).
tableau Detailed figures for Core inflation and HICP
|2020||September 2020||m-on-m change (1)||y-on-y change (2)|
|Core inflation - All items||6069||103.35||0.0||0.5|
|Food excluding fresh products. meat. milk and exotic products||754||103.59||-0.2||0.3|
|Services including actual rentals and services for dwellings||3283||105.83||0.0||0.8|
|HICP - All items||10000||105.30||-0.6||0.0|
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Compared with the provisional estimates published on September 30, 2020, the month-on-month change in the CPI has been confirmed and the year-on-year change has been revised downwards by 0.1 point. The month-on-month and year-on-year changes in the HICP have been confirmed.
Data quality in September 2020 (pdf, 148 Ko)
Abbreviated Methodology (pdf, 131 Ko)
CPI : methodological changes for 2020 (pdf, 139 Ko)
Methodology (pdf, 141 Ko)
The COVID-19 health crisis affected the quality of the April, May and June indices (and to a lesser extent March). If the prices collected by INSEE collectors in physical outlets have resumed since 15 June, the structure of household consumption has been modified by the crisis and some few products were still unavailable for sale.
For further information: https://insee.fr/en/statistiques/4802031#documentation
Next publication of final results: 13 November 2020 at 8:45