Informations Rapides ·
16 March 2021 · n° 064In February 2021, consumer prices were stable over one month and rose by 0.6% year
on year Consumer price index - final results - February 2021
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%
- Decrease in core inflation year on year
- Downturn in manufactured product prices year on year
- Decrease in food inflation year on year
- Less decrease in energy prices year on year
- Stable inflation in services year on year
- Revisions
- 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.
tableauConsumer 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 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
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%).
tableauDetailed figures for various groups
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%).
tableauDetailed figures for Core inflation and HICP
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
CPI : methodological changes for 2021 (pdf,279 Ko)
Abbreviated Methodology (pdf,131 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