Insee
Informations Rapides · 16 March 2021 · n° 064
Informations rapidesIn February 2021, consumer prices were stable over one month and rose by 0.6% year on yearConsumer price index - final results - February 2021

Informations rapides
No 064
Paru le : Paru le 16/03/2021
Prochaine parution le : 18/02/2022 at 08:45 - January 2022
Warning

The health crisis due to the Covid-19 impacted the quality of the data in February: some outlets were closed and some products were unavailable for sale.

Additional information is available in “For further information”.

Monthly change: 0.0% in February; Year-on-year change: 0.6%

In February 2021, the Consumer Price Index (CPI) was stable over one month, after +0.2% in January. The decrease in manufactured goods prices accentuated due to the two-week extension of the winter sales (–0.9% after –0.4%). The food prices fell back (–0.2% after +0.4%) and those of tobacco were stable. The service prices grew (+0.2% after +0.1%) and those of energy accelerated (+2.5% after +1.7%).

Seasonally adjusted, consumer prices fell back by 0.1%, after +0.7% in January.

Year on year, consumer prices rose by 0.6% as in the previous month. This stability in inflation came from a downturn in manufactured goods prices (–0.4% after +0.8%) and a slowdown in food prices (+0.8% after +1.0%), offset by the smaller decline in energy prices than in the last month (–1.6% after –5.8%) and the slight rise in tobacco prices (+12.8% after +12.7%). The service prices increased at the same rate as in the previous month (+0.8%).

Decrease in core inflation year on year

Year on year, core inflation fell, in February, down to +0.6% after +1.0% in January. The Harmonised Index of Consumer Prices (HICP) was stable over one month after +0.3% in the previous month; year on year, it increased by 0.8% as in January.

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
2021-02 0.8 0.6 0.6

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

  • Source: INSEE.

Downturn in manufactured product prices year on year

Year on year, manufactured product prices fell back by 0.4%, after +0.8% in January, due to the extension of winter sales period. Clothing and footwear prices declined by 3.0% after +3.7% in the previous month. Those of “other manufactured goods” slowed down (+0.2% after +0.7%) in the wake of those of furniture and furnishings (+1.9% after +3.9%), those of glassware, tableware and household utensils (+1.5% after +2.2%) and those of equipment for sport (+0.9% after +1.8%). The decrease in mobile phones prices (−4.5% after +3.0%) and in new cars prices (−1.3% after −0.9%) accentuated. Conversely, the prices of gardens, plants and flowers (+2.1% after +1.8%) and those of newspapers, books and stationery (+1.9% after +1.5%) accelerated in February. Finally, the prices of health products fell less than in the previous month (−0.7% after −1.4%).

Decrease in food inflation year on year

In February, food prices increased by 0.8% after +1.0% in January. The prices of fresh produces slowed down (+3.7% after +5.1%) in the wake of those of fresh vegetables (+2.4% after +8.6%). The prices of fresh fruits accelerated (+8.1% after +7.6%) and those of fresh fishes declined less strongly than in the last month (−0.9% after −5.7%). Excluding fresh produces, food prices increased at the same rate as in the previous month (+0.3%). The prices of meat (+0.9% after +0.6%) and those of bread and cereals (+0.4% after +0.3%) accelerated. The prices of alcoholic beverages slowed down (+0.8% after +1.0%).

Detailed figures for various groups

2015:100
Detailed figures for various groups (2015:100)
Items Weight Index Percentage change
2021 February 2021 m-on-m change (2) y-on-y change (3)
a) All households
Overall 10000 105.12 0.0 0.6
Overall SA(1) 10000 105.52 -0.1 0.5
Food 1785 108.19 -0.2 0.8
Fresh food 261 125.47 -1.8 3.7
Other food 1524 105.47 0.1 0.3
Tobacco 243 155.90 0.0 12.8
Manufactured products 2501 96.69 -0.9 -0.4
Clothing and footwear 354 90.96 -5.4 -3.0
Medical products 438 87.87 -0.4 -0.7
Other manufactured products 1709 99.94 -0.2 0.2
Energy 746 113.24 2.5 -1.6
Petroleum products 343 112.64 3.4 -4.6
Services 4725 105.69 0.2 0.8
Actual rentals and services for dwellings 853 102.72 0.6 0.8
Health services 647 102.72 0.2 0.0
Transport 172 99.51 1.9 -0.7
Communication 243 99.03 -0.3 1.3
Other services 2810 108.08 0.0 0.9
Total except rents and tobacco 9062 104.40 0.0 0.3
Total except tobacco 9757 104.24 0.0 0.3
b) Urban working-class households or households of employees
All products excluding tobacco 9632 103.91 0.0 0.3
c) Households that belong to the lowest equivalized disposable income quintile - France
All products excluding tobacco 9624 103.74 0.0 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 in February (−1.6% after −5.8%). The prices of petroleum product decreased less strongly than in January (−4.6% after −11.7%) in the wake of diesel prices (−4.9% after −12.6%) and petrol prices (−3.2% after −8.9%). The natural and town gas prices rebounded in February (+0.7% after −4.3%) and those of electricity slowed down (+3.0% after +3.8%).

Stable inflation in services year on year

Year on year, service prices increased by 0.8% in February, as in January. The prices of communication services slowed down (+1.3% after +2.0%) in the wake of those of internet access provision services (+3.6% after +6.0%) and those of bundled telecommunication services (+2.8% after +4.2%). The transport service prices fell back (−0.7% after +0.2%) in link with the marked decrease in airfares (−4.5% after −1.1%) and in railway prices (−7.3% after −4.9%). The prices of health services were stable after +0.1% in January and those of housing-related services accelerated sharply (+0.8% after +0.3%). The prices of « other services » increased at the same rate as in the last month (+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 February 2021 m-on-m change (1) y-on-y change (2)
Core inflation - All items 6008 103.89 -0.3 0.6
Food excluding fresh products. meat. milk and exotic products 841 103.90 0.0 0.3
Manufactured products 2011 99.79 -1.1 -0.3
Services including actual rentals and services for dwellings 3156 106.71 0.2 1.1
HICP - All items 10000 106.07 0.0 0.8
  • (1) : [m/(m-1)]
  • (2) : [m/(m-12)]
  • Source: INSEE - Consumer Price Indices

Revisions

Compared with the provisional estimates published on February 26, 2021, the month-on-month change in CPI has been revised upwards by 0.1 points and the year-on-year change by 0.2 points. The month-on-month change in HICP has been confirmed and the year-on-year change has been revised upwards by 0.1 points.

For further information

The missing prices due to the health crisis, either because of a lack of price collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines. In February 2021, this imputation rate due to Covid-19 is about 8% after 5% in January.

Next publication of final results: 15 April 2021 at 8:45

Documentation

Abbreviated Methodology (pdf, 131 Ko)

Methodology (pdf, 141 Ko)

Pour en savoir plus

The missing prices due to the health crisis, either because of a lack of price collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines. In February 2021, this imputation rate due to Covid-19 is about 8% after 5% in January.

Next publication of final results: 15 April 2021 at 8:45

: bureau-de-presse@insee.fr
: