Informations Rapides ·
13 August 2021 · n° 208
In July 2021, consumer prices rose by 0.1% over one month and by 1.2% year on year Consumer price index - final results - July 2021
The health crisis due to the Covid-19 impacted the quality of the data: price collection on the field has been progressively adjourned since the end of March 2021 with the lockdown of the different territories until the end of May 2021; moreover, certain products were unavailable for sale. Additional information is available in “For further information”.
- Monthly change: +0.1% in July; year-on-year change: +1.2%
- Decrease in core inflation year on year
- Year-on-year downturn in the prices of manufactured goods
- Slight slowdown in service prices year on year
- Acceleration in energy prices year on year
- Rebound in food prices
- Revisions
- For further information
Monthly change: +0.1% in July; year-on-year change: +1.2%
In July 2021, the Consumer Price Index (CPI) rose by 0.1% over one month, as in June. The prices of services accelerated at +0.7% after +0.1%, as well of those of energy (+2.2% after +1.1%). The food prices rebounded (+0.1% after −0.7%). The prices of manufactured goods dropped (−1.8% after +0.5%) as well as of tobacco prices to a lesser extent (−0.2% after being stable in June).
Seasonally adjusted, consumer prices rose by 0.4% in July, after +0.2% in June.
Year on year, consumer prices slowed down to 1.2%, after +1.5% in June. This decline in inflation was driven by the fall back of the prices of manufactured goods (−1.1% after +0.7%), linked to the postponed summer sales, the decrease of the prices of services (+0.6% after +0.8%) and of those of tobacco (+5.1% after +5.3%). Contrariwise, the prices of energy accelerated (+12.3% after +10.9%) and those of food rebounded (+0.9% after −0.2%).
Decrease in core inflation year on year
Year on year, core inflation fell in July, down to +0.4%, after +1.1% in June. The Harmonised Index of Consumer Prices (HICP) rose by 0.1% over one month after +0.2% in the previous month; year-on-year, it increased by 1.5%, after +1.9% in June.
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 |
| 2021-03 | 1.4 | 1.1 | 0.8 |
| 2021-04 | 1.6 | 1.2 | 1.0 |
| 2021-05 | 1.8 | 1.4 | 0.9 |
| 2021-06 | 1.9 | 1.5 | 1.1 |
| 2021-07 | 1.5 | 1.2 | 0.4 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
- Source: INSEE.
Year-on-year downturn in the prices of manufactured goods
Year on year, manufactured products decreased by 1.1%, after +0.7% the previous month. This downturn is linked with the one in the clothing and footwear prices (−7.1% after +2.9%) and the stability of “other manufactured goods” prices (after +0.6%), due to the postponed summer sales. The prices of bedroom furniture (+1.4% after +2.4%), and those of jewellery (+4.7% after +8.9%) slowed down. The prices of makeup and skincare products (−0.8% after +2.0%) and those of travel goods (−0.9% after +4.0%) fell back. The decline in prices of major household appliance (−2.7% after −0.5%), mobile telephones (−5.2% after −0.2%) and information processing equipment (−3.4% after −2.7%) was steeper than in the previous month. However, the prices of new motor cars increased (+3.4% after +0.2%). Finally, the decrease in health products prices was greater than in the previous month (−0.8% year on year, after −0.7% in June).
Slight slowdown in service prices year on year
Year on year, service prices slowed down in July: +0.6%, after +0.8%. Communication services prices (+3.0% after +3.5%) and those of “other services” decelerated (+0.8% after +1.1%). Health services prices (−0.8% after −0.6%) fell further. However, this decline is limited by the rebound in transport prices (+2.0% after −0.8%), in particular in airfares (+1.3% after −10.8%). Finally, the prices of housing-related services increased at the same pace as in June (+1.1% year on year).
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2021 | July 2021 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 106.4 | 0.1 | 1.2 |
| Overall SA(1) | 10000 | 106.51 | 0.4 | 1.3 |
| Food | 1785 | 108.77 | 0.1 | 0.9 |
| Fresh food | 261 | 128.05 | 0.3 | 3.8 |
| Other food | 1524 | 105.76 | 0.1 | 0.4 |
| Tobacco | 243 | 155.71 | -0.2 | 5.1 |
| Manufactured products | 2501 | 96.93 | -1.8 | -1.1 |
| Clothing and footwear | 354 | 92.64 | -9.7 | -7.1 |
| Medical products | 438 | 87.4 | -0.1 | -0.8 |
| Other manufactured products | 1709 | 100.09 | -0.6 | 0 |
| Energy | 746 | 119.77 | 2.2 | 12.3 |
| Petroleum products | 343 | 121.57 | 2.2 | 16.5 |
| Services | 4725 | 107.08 | 0.7 | 0.6 |
| Actual rentals and services for dwellings | 853 | 102.9 | 0.1 | 1.1 |
| Health services | 647 | 102.18 | 0 | -0.8 |
| Transport | 172 | 111.7 | 7.5 | 2 |
| Communication | 243 | 100.72 | -0.4 | 3 |
| Other services | 2810 | 109.59 | 0.7 | 0.8 |
| Total except rents and tobacco | 9062 | 105.8 | 0.1 | 1.1 |
| Total except tobacco | 9757 | 105.55 | 0.1 | 1.1 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9632 | 105.1 | -0.1 | 1.1 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9624 | 105.01 | 0 | 1.1 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France (Mayotte excluded)
- Source: INSEE – Consumer Price Indices
Acceleration in energy prices year on year
Year on year, the energy prices accelerated in July (+12.3% after +10.9%). The gas prices rose considerably (+27.8% after +16.7%) and the prices of petroleum products increased slightly more than in June (+16.5% after +16.4%). The electricity prices rose at the same rate as in June (+3.1%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2021 | July 2021 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 6008 | 104.51 | 0.3 | 0.4 |
| Food excluding fresh products. meat. milk and exotic products | 841 | 103.85 | 0.1 | 0.1 |
| Manufactured products | 2011 | 100.42 | 0.8 | -1.6 |
| Services including actual rentals and services for dwellings | 3156 | 107.54 | 0.2 | 1.7 |
| HICP - All items | 10000 | 107.64 | 0.1 | 1.5 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Rebound in food prices
In July, food prices rose by 0.9%, after −0.2% in June. The price of fresh food produces rebounded sharply (+3.8% after −2.8%), driven by the rebound of fresh fish prices (+4.3% after −4.8%) and fresh vegetables prices (+5.2% after −6.3%) and the acceleration of fresh fruits prices (+3.1% after +0.1%). Excluding fresh produces, food prices rose by 0.4% year-on-year, after +0.3% in June.
Revisions
Compared to the provisional estimates published on July 30, 2021, the month-on-month changes in CPI and HICP and the year-on-year changes in CPI have been confirmed. The year-on-year changes in HICP were down by 0.1 points.
For further information
The price collection carried out by collectors on the field was adjourned with the beginning of lockdown, from the 16th March to the 15th June 2020, in November and December 2020 and progressively since the end of March 2021 until the end of May 2021. Despite the introduction of alternative collection methods (price collection online, telephone collection, scanner data), the quality of the indices was affected. Therefore, the level of the indices, the month-on-month rate and particularly the year-on-year rate should be considered cautiously. The missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines. In July 2021, this imputation rate due to Covid-19 is about 2% after 3% in June. In July 2020, the imputation rate was about 1%.
Next publication of final results: 15 September 2021 at 8:45
Documentation
CPI : methodological changes for 2021 (pdf,279 Ko)
Abbreviated Methodology (pdf,131 Ko)
Pour en savoir plus
The price collection carried out by collectors on the field was adjourned with the beginning of lockdown, from the 16th March to the 15th June 2020, in November and December 2020 and progressively since the end of March 2021 until the end of May 2021. Despite the introduction of alternative collection methods (price collection online, telephone collection, scanner data), the quality of the indices was affected. Therefore, the level of the indices, the month-on-month rate and particularly the year-on-year rate should be considered cautiously. The missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines. In July 2021, this imputation rate due to Covid-19 is about 2% after 3% in June. In July 2020, the imputation rate was about 1%.
Next publication of final results: 15 September 2021 at 8:45