Insee
Informations rapides · 19 February 2021 · n° 040
Informations rapidesIn January 2021, consumer prices rose by 0.2% over one month and 0.6% year on yearConsumer price index - final results - January 2021

Informations rapides
No 040
Paru le : Paru le 19/02/2021
Prochaine parution le : 16/03/2021 at 08:45 - February 2021
Warning

The health crisis due to the Covid-19 impacted the quality of the data: price collection on the field was adjourned from 30 October 2020 to 4 January 2021; moreover, products were unavailable for sale. In January, 5% of CPI basket is imputed due to the health crisis, after 15% in December.

Additional information is available in “For further information”.

Monthly change: 0.2% in January; Year-on-year change: 0.6%

In January 2021, the Consumer Price Index (CPI) rose by 0.2% over one month, as in December 2020. The food prices rebounded (+0.4% after –0.4%) and those of tobacco rose by 0.3% after being stable in the previous month. The service prices slowed down (+0.1% after +0.5%). The prices of energy increased at the same rate as in the last month (+1.7%) and those of manufactured goods decreased as in December (–0.4%).

Seasonally adjusted, consumer prices rose by 0.7%, after being stable in December.

Year on year, consumer prices rose by 0.6% after being stable in December. The service prices (+0.8% after +0.7%) and those of tobacco (+12.7% after +12.5%) accelerated. The prices of manufactured goods rebounded sharply (+0.8% after –0.9%), due to the offset of winter sales. The decrease in the energy prices softened (–5.8% after –7.0%) in the wake of petroleum product prices. The food prices grew, year on year, at the same rate as in the last month (+1.0%).

Increase in core inflation year on year

Year on year, core inflation rose, in January, up to +1.0% after +0.2% in December. The Harmonised Index of Consumer Prices (HICP) rose by 0.3% over one month after +0.2% in the previous month; year on year, it increased by 0.8% after being stable in December.

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 0.6
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 1.0
2016-01 0.3 0.2 0.9
2016-02 -0.1 -0.2 0.7
2016-03 -0.1 -0.1 0.7
2016-04 -0.1 -0.2 0.6
2016-05 0.1 0.0 0.7
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 0.1
2017-03 1.4 1.1 0.4
2017-04 1.4 1.2 0.5
2017-05 0.9 0.8 0.4
2017-06 0.8 0.7 0.4
2017-07 0.8 0.7 0.5
2017-08 1.0 0.9 0.5
2017-09 1.1 1.0 0.5
2017-10 1.2 1.1 0.5
2017-11 1.2 1.2 0.5
2017-12 1.2 1.2 0.6
2018-01 1.5 1.3 0.8
2018-02 1.3 1.2 0.7
2018-03 1.7 1.6 0.9
2018-04 1.8 1.6 0.8
2018-05 2.3 2.0 1.0
2018-06 2.3 2.0 0.8
2018-07 2.6 2.3 0.8
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 0.6
2019-02 1.6 1.3 0.6
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 0.8
2019-08 1.3 1.0 0.7
2019-09 1.1 0.9 0.9
2019-10 0.9 0.8 0.9
2019-11 1.2 1.0 0.9
2019-12 1.6 1.5 1.0
2020-01 1.7 1.5 1.0
2020-02 1.6 1.4 1.3
2020-03 0.8 0.7 0.8
2020-04 0.4 0.3 0.3
2020-05 0.4 0.4 0.6
2020-06 0.2 0.2 0.3
2020-07 0.9 0.8 1.3
2020-08 0.2 0.2 0.5
2020-09 0.0 0.0 0.5
2020-10 0.1 0.0 0.3
2020-11 0.2 0.2 0.4
2020-12 0.0 0.0 0.1
2021-01 0.8 0.6 1.0

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

  • Source: INSEE.

Rebound in manufactured product prices year on year

Year on year, manufactured product prices rose by 0.8%, after –0.9% in December due to the offset of winter sales. Clothing and footwear prices rebounded (+3.7% after −3.3%). Those of “other manufactured goods” increased by 0.7% after −0.3% the last month. The prices of furniture and furnishings (+3.9% after +2.1%), those of glassware, tableware and household utensils (+2.2% after being stable in December) and those of jewellery, clocks and watches (+5.7% after +3.2%) accelerated. The prices of major household appliances (+0.3% after −1.8%) and those of games, toys and hobbies (+1.5% after −0.2%) rebounded compared with the last month. The decrease in vehicles prices (−0.2% after −0.6%) and in those of health products (−1.4% after −1.5%) slowed down in January.

Increase in service prices year on year

Year on year, service prices increased by 0.8% in January, after +0.7% in December. The prices of communication services accelerated (+2.0% after +0.8%) in the wake of those of internet access provision services (+6.0% after +1.6%) and those of bundled telecommunication services (+4.2% after +1.5%). The transport services prices rebounded (+0.2% after −1.6%) in link with the international airfares prices (+0.5% after −4.9%). The prices of housing-related services advanced (+0.3% after +0.2%). The prices of health services (+0.1% after +0.5%) and those of « other services » (+0.9% after +1.1%) slowed down, year on year, in January.

Detailed figures for various groups

2015:100
Detailed figures for various groups (2015:100)
Items Weight Index Percentage change
2021 January 2021 m-on-m change (2) y-on-y change (3)
a) All households
Overall 10000 105.12 0.2 0.6
Overall SA(1) 10000 105.59 0.7 0.6
Food 1785 108.40 0.4 1.0
Fresh food 261 127.71 1.7 5.1
Other food 1524 105.39 0.2 0.3
Tobacco 243 155.83 0.3 12.7
Manufactured products 2501 97.60 -0.4 0.8
Clothing and footwear 354 96.19 -4.8 3.7
Medical products 438 88.19 -0.2 -1.4
Other manufactured products 1709 100.15 0.4 0.7
Energy 746 110.49 1.7 -5.8
Petroleum products 343 108.89 3.4 -11.7
Services 4725 105.51 0.1 0.8
Actual rentals and services for dwellings 853 102.15 0.1 0.3
Health services 647 102.47 -0.6 0.1
Transport 172 97.69 -5.6 0.2
Communication 243 99.29 1.7 2.0
Other services 2810 108.11 0.5 0.9
Total except rents and tobacco 9062 104.45 0.2 0.3
Total except tobacco 9757 104.24 0.1 0.3
b) Urban working-class households or households of employees
All products excluding tobacco 9632 103.92 0.1 0.3
c) Households that belong to the lowest equivalized disposable income quintile - France
All products excluding tobacco 9624 103.71 0.1 0.3
  • (1) seasonally adjusted
  • (2) : [m/(m-1)]
  • (3) : [m/(m-12)]
  • Geographical coverage: France (Mayotte excluded) 
  • Source : INSEE – Consumer Price Indices

Less decrease in energy prices year on year

Year on year, the decline in energy prices softened (−5.8% after −7.0%) in January. The prices of petroleum product decreased less strongly than in December (−11.7% after −13.8%) in the wake of diesel prices (−12.6% after −14.3%) and petrol prices (−8.9% after −11.1%). The natural and town gas prices diminished less strongly than in the previous month (−4.3% after −5.4%) and those of electricity increased at the same rate (+3.8%).

Same growth in food prices year on year as in December

In January 2021, food prices increased at the same as in December (+1.0%). The prices of fresh produces slowed down (+5.1% after +6.2%) in the wake of those of fresh fruits (+7.6% after +10.8%) and those of seafoods (+1.4% after +6.9%). The prices of fresh fishes fell back sharply compared with the last month (−5.7% after +5.4%). Excluding fresh produces, food prices increased (+0.3% after +0.2%). The prices of bread and cereals (+0.3% after +0.2%) and those of alcoholic beverages (+1.0% after +0.6%) advanced. The prices of milk, cheese and eggs were stable after a decrease (−0.2%) in the previous month. Conversely, the prices of meat slowed down in January (+0.6% after +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
2021 January 2021 m-on-m change (1) y-on-y change (2)
Core inflation - All items 6008 104.24 0.9 1.0
Food excluding fresh products. meat. milk and exotic products 841 103.89 0.3 0.3
Manufactured products 2011 100.91 2.0 1.3
Services including actual rentals and services for dwellings 3156 106.52 0.3 0.9
HICP - All items 10000 106.03 0.3 0.8
  • (1) : [m/(m-1)]
  • (2) : [m/(m-12)]
  • Source: INSEE - Consumer Price Indices

Revisions

Compared with the provisional estimates published on February 2, 2021, the month-on-month and year-on-year changes in the CPI and HICP have been confirmed.

For further information

The price collection carried out by collectors on the field (about 40% in the CPI) has resumed in January after being adjourned from 30 October 2020 to 4 January 2021. During this period, several new collection methods have been used to deal with the lack of information on the field: price collection online, telephone collection, scanner data. Due to the change in the mode of price collection, the measure of price change between December and January might be less precise than usually. In January, the missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines. This imputation rate due to Covid-19 is about 5%.

For further information: https://insee.fr/en/statistiques/5056666#documentation

Next publication of final results: 16 March 2021 at 8:45

Documentation

Abbreviated Methodology (pdf, 131 Ko)

Methodology (pdf, 141 Ko)

The price collection carried out by collectors on the field (about 40% in the CPI) has resumed in January after being adjourned from 30 October 2020 to 4 January 2021. During this period, several new collection methods have been used to deal with the lack of information on the field: price collection online, telephone collection, scanner data. Due to the change in the mode of price collection, the measure of price change between December and January might be less precise than usually. In January, the missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines. This imputation rate due to Covid-19 is about 5%.

For further information: https://insee.fr/en/statistiques/5056666#documentation

Next publication of final results: 16 March 2021 at 8:45


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