Insee
Informations Rapides · 15 September 2021 · n° 234
Informations rapidesIn August 2021, consumer prices rose by 0.6% over one month and by 1.9% year on yearConsumer price index - final results - August 2021

Informations rapides
No 234
Paru le : Paru le 15/09/2021
Prochaine parution le : 16/11/2021 at 08:45 - October 2021

Monthly change: +0.6% in August; year-on-year change: +1.9%

In August 2021, the Consumer Price Index (CPI) rose by 0.6% over one month, after +0.1% in July. The prices of manufactured goods rebounded sharply (+1.1% after −1.8%) linked to the end of summer sales. The prices of food accelerated (+0.7% after +0.1%) and those of tobacco were stable after a decrease in the previous month. The prices of services (+0.4% after +0.7%) and those of energy (+0.6% after +2.2%) slowed down.

Seasonally adjusted, consumer prices rose by 0.4% in August, as in July.

Year on year, consumer prices grew by 1.9%, after +1.2% in July. This increase in inflation resulted from the rebound in manufactured good prices (+1.1% after −1.1%). The prices of food (+1.3% after +0.9%) and those of energy (+12.7% after +12.3%) accelerated. The prices of services increased slightly (+0.7% after +0.6%). The increase in tobacco prices maintained at the same level as in the last month (+5.1%).

Increase in core inflation year on year

Year on year, core inflation grew in August, up to +1.5%, after +0.4% in July. The Harmonised Index of Consumer Prices (HICP) rose by 0.7% over one month after +0.1% in the previous month; year on year, it increased by 2.4%, after +1.5% in July.

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
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
2021-08 2.4 1.9 1.5

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

  • Source: INSEE.

Rebound in the prices of manufactured goods

Year on year, manufactured products increased by 1.1%, after −1.1% in the previous month. This rebound is linked with the one in the clothing and footwear prices (+4.6% after −7.1%) and the acceleration in “other manufactured goods” prices (+1.0% after +0.0%), due to the end of summer sales and their postponed compared to August 2020. The prices of furniture and furnishings (+4.2% after +0.9%), the other appliances, articles and products for personal care (+0,7% after −0.4%), the games, toys and hobbies (+3.4% after +0.5%) accelerated. The decline in major household appliances (−0.4% after −2.7%) and in mobile phones (−2.3% after −5.2%) softened. The prices of vehicles slowed down (+1.1% after +1.8%). Finally, the decrease in health products prices accentuated (−1.0% after −0.8% in July).

Acceleration in food prices

In August, food prices rose by 1.3%, after +0.9% in July. The prices of fresh food produces accelerated sharply (+6.8% after +3.8%) in link with those of fresh vegetables (+11.3% after +5.2%), fresh fruits (+4.2% after +3.1%) and fresh fish (+5.5% after +4.3%). Excluding fresh produces, the increase in food prices maintained at the same level as in the last month (+0.4%). The prices of bread and cereals accelerated (+0.6% after +0.3%) and those of meat slowed down (+1.1% after +1.2%).

Detailed figures for various groups

2015:100
Detailed figures for various groups (2015:100)
Items Weight Index Percentage change
2021 August 2021 m-on-m change (2) y-on-y change (3)
a) All households
Overall 10000 107.05 0.6 1.9
Overall SA(1) 10000 106.89 0.4 2.1
Food 1785 109.48 0.7 1.3
Fresh food 261 132.73 3.7 6.8
Other food 1524 105.90 0.1 0.4
Tobacco 243 155.71 0.0 5.1
Manufactured products 2501 97.98 1.1 1.1
Clothing and footwear 354 97.28 5.0 4.6
Medical products 438 87.22 -0.2 -1.0
Other manufactured products 1709 100.77 0.7 1.0
Energy 746 120.52 0.6 12.7
Petroleum products 343 121.29 -0.2 16.9
Services 4725 107.47 0.4 0.7
Actual rentals and services for dwellings 853 103.10 0.2 1.3
Health services 647 101.78 -0.4 -0.7
Transport 172 109.86 -1.6 3.7
Communication 243 100.71 0.0 2.8
Other services 2810 110.42 0.8 0.6
Total except rents and tobacco 9062 106.50 0.7 1.8
Total except tobacco 9757 106.21 0.6 1.8
b) Urban working-class households or households of employees
All products excluding tobacco 9632 105.71 0.6 1.8
c) Households that belong to the lowest equivalized disposable income quintile - France
All products excluding tobacco 9624 105.60 0.6 2.0
  • (1) seasonally adjusted
  • (2) : [m/(m-1)]
  • (3) : [m/(m-12)]
  • Geographical coverage: France (Mayotte excluded) 
  • Source : INSEE – Consumer Price Indices

Maintained dynamism in energy prices year on year

Year on year, the energy prices accelerated in August (+12.7% after +12.3%). The increase in gas prices maintained year on year (+31.2% after +27.8%). The prices of petroleum products increased (+16.9% after +16.5%) and those of electricity slowed down (+2.2% after +3.1%).

Detailed figures for Core inflation and HICP

2015:100
Detailed figures for Core inflation and HICP (2015:100)
Items Weight Index Percentage change
2021 August 2021 m-on-m change (1) y-on-y change (2)
Core inflation - All items 6008 104.87 0.3 1.5
Food excluding fresh products. meat. milk and exotic products 841 103.94 0.1 0.2
Manufactured products 2011 100.90 0.5 1.5
Services including actual rentals and services for dwellings 3156 107.81 0.3 1.9
HICP - All items 10000 108.38 0.7 2.4
  • (1) : [m/(m-1)]
  • (2) : [m/(m-12)]
  • Source: INSEE - Consumer Price Indices

Slight increase in service prices year on year

Year on year, service prices rose slightly in August: +0.7% after +0.6% in July. The prices of transport services accelerated (+3.7% after +2.0%) in link with those of transport by railway (+7.7% after +6.2%) and airfares (+8.1% after +1.3%). The prices of housing-related services increased (+1.3% after +1.1%). The decrease in health services softened (−0.7% after −0.8%). The prices of communication services (+2.8% after +3.0%) and those of “other services” (+0.6% after +0.8%) slowed down a bit.

Revisions

Compared to the provisional estimates published on August 31, 2021, the month-on-month and year-on-year changes in CPI and HICP have been confirmed.

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 in metropolitan France. 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 August 2021, this imputation rate due to Covid-19 is about 2% as in July.

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

Documentation

Abbreviated Methodology (pdf, 131 Ko)

Methodology (pdf, 141 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 in metropolitan France. 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 August 2021, this imputation rate due to Covid-19 is about 2% as in July.

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

: bureau-de-presse@insee.fr
: