Informations Rapides ·
16 November 2021 · n° 291
In October 2021, consumer prices increased by 0.4% over one month and by 2.6% year
on year Consumer price index - final results - October 2021
- Monthly change: +0.4% in October; year-on-year change: +2.6%
- Increase in core inflation year on year
- Acceleration in energy prices year on year
- Maintained increase in service prices year on year
- Slight slowdown in the prices of manufactured goods year on year
- Less increase in food prices
- Revisions
- For further information
Monthly change: +0.4% in October; year-on-year change: +2.6%
In October 2021, the Consumer Price Index (CPI) rose by 0.4% over one month, after −0.2% in September. The prices of energy accelerated sharply (+4.8% after +1.3%) due to the petroleum product prices (+5.8% after +0.8%) and gas prices (+12.5% after +6.2%). The prices of services and tobacco were stable after a decrease in September. The decline in food prices was less marked than in the previous month (−0.2% after −0.8%). The prices of manufactured goods slowed down (+0.2% after +0.8%).
Seasonally adjusted, consumer prices rose by 0.5% in October, after −0.1% in September.
Year on year, consumer prices grew by 2.6%, after +2.2% in September. This increase in inflation resulted from the acceleration in energy prices (+20.2% after +14.9%) and service prices (+1.8% after +1.4%). The prices of tobacco advanced, over a year, at the same rate as in the previous month (+4.8%). Those of manufactured goods (+0.3% after +0.4%) and food (+0.7% after +1.0%) slowed down.
Increase in core inflation year on year
Year on year, core inflation grew in October, up to +1.4%, after +1.3% in September. The Harmonised Index of Consumer Prices (HICP) rose by 0.4% over one month after −0.2% in the previous month; year-on-year, it increased by 3.2%, after +2.7% in September.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | ISJ | CPI | |
|---|---|---|---|
| 2014-01 | 0.8 | 0.2 | 0.6 |
| 2014-02 | 1.1 | 0.8 | 0.9 |
| 2014-03 | 0.8 | 0.5 | 0.6 |
| 2014-04 | 0.8 | 0.5 | 0.7 |
| 2014-05 | 0.8 | 0.3 | 0.7 |
| 2014-06 | 0.6 | 0.1 | 0.5 |
| 2014-07 | 0.6 | 0.1 | 0.5 |
| 2014-08 | 0.5 | 0.3 | 0.4 |
| 2014-09 | 0.4 | 0.1 | 0.3 |
| 2014-10 | 0.5 | 0.0 | 0.5 |
| 2014-11 | 0.4 | -0.2 | 0.3 |
| 2014-12 | 0.1 | -0.1 | 0.1 |
| 2015-01 | -0.4 | 0.1 | -0.4 |
| 2015-02 | -0.3 | 0.2 | -0.3 |
| 2015-03 | 0.0 | 0.2 | -0.1 |
| 2015-04 | 0.1 | 0.4 | 0.1 |
| 2015-05 | 0.3 | 0.5 | 0.3 |
| 2015-06 | 0.3 | 0.6 | 0.3 |
| 2015-07 | 0.2 | 0.6 | 0.2 |
| 2015-08 | 0.1 | 0.5 | 0.0 |
| 2015-09 | 0.1 | 0.6 | 0.0 |
| 2015-10 | 0.2 | 0.8 | 0.1 |
| 2015-11 | 0.1 | 0.9 | 0.0 |
| 2015-12 | 0.3 | 1.0 | 0.2 |
| 2016-01 | 0.3 | 0.9 | 0.2 |
| 2016-02 | -0.1 | 0.7 | -0.2 |
| 2016-03 | -0.1 | 0.7 | -0.1 |
| 2016-04 | -0.1 | 0.6 | -0.2 |
| 2016-05 | 0.1 | 0.7 | 0.0 |
| 2016-06 | 0.3 | 0.7 | 0.2 |
| 2016-07 | 0.4 | 0.5 | 0.2 |
| 2016-08 | 0.4 | 0.4 | 0.2 |
| 2016-09 | 0.5 | 0.7 | 0.4 |
| 2016-10 | 0.5 | 0.5 | 0.4 |
| 2016-11 | 0.7 | 0.6 | 0.5 |
| 2016-12 | 0.8 | 0.4 | 0.6 |
| 2017-01 | 1.6 | 0.6 | 1.3 |
| 2017-02 | 1.4 | 0.1 | 1.2 |
| 2017-03 | 1.4 | 0.4 | 1.1 |
| 2017-04 | 1.4 | 0.5 | 1.2 |
| 2017-05 | 0.9 | 0.4 | 0.8 |
| 2017-06 | 0.8 | 0.4 | 0.7 |
| 2017-07 | 0.8 | 0.5 | 0.7 |
| 2017-08 | 1.0 | 0.5 | 0.9 |
| 2017-09 | 1.1 | 0.5 | 1.0 |
| 2017-10 | 1.2 | 0.5 | 1.1 |
| 2017-11 | 1.2 | 0.5 | 1.2 |
| 2017-12 | 1.2 | 0.6 | 1.2 |
| 2018-01 | 1.5 | 0.8 | 1.3 |
| 2018-02 | 1.3 | 0.7 | 1.2 |
| 2018-03 | 1.7 | 0.9 | 1.6 |
| 2018-04 | 1.8 | 0.8 | 1.6 |
| 2018-05 | 2.3 | 1.0 | 2.0 |
| 2018-06 | 2.3 | 0.8 | 2.0 |
| 2018-07 | 2.6 | 0.8 | 2.3 |
| 2018-08 | 2.6 | 0.9 | 2.3 |
| 2018-09 | 2.5 | 0.7 | 2.2 |
| 2018-10 | 2.5 | 0.8 | 2.2 |
| 2018-11 | 2.2 | 0.7 | 1.9 |
| 2018-12 | 1.9 | 0.7 | 1.6 |
| 2019-01 | 1.4 | 0.6 | 1.2 |
| 2019-02 | 1.6 | 0.6 | 1.3 |
| 2019-03 | 1.3 | 0.5 | 1.1 |
| 2019-04 | 1.5 | 0.7 | 1.3 |
| 2019-05 | 1.1 | 0.5 | 0.9 |
| 2019-06 | 1.4 | 0.9 | 1.2 |
| 2019-07 | 1.3 | 0.8 | 1.1 |
| 2019-08 | 1.3 | 0.7 | 1.0 |
| 2019-09 | 1.1 | 0.9 | 0.9 |
| 2019-10 | 0.9 | 0.9 | 0.8 |
| 2019-11 | 1.2 | 0.9 | 1.0 |
| 2019-12 | 1.6 | 1.0 | 1.5 |
| 2020-01 | 1.7 | 1.0 | 1.5 |
| 2020-02 | 1.6 | 1.3 | 1.4 |
| 2020-03 | 0.8 | 0.8 | 0.7 |
| 2020-04 | 0.4 | 0.3 | 0.3 |
| 2020-05 | 0.4 | 0.6 | 0.4 |
| 2020-06 | 0.2 | 0.3 | 0.2 |
| 2020-07 | 0.9 | 1.3 | 0.8 |
| 2020-08 | 0.2 | 0.5 | 0.2 |
| 2020-09 | 0.0 | 0.5 | 0.0 |
| 2020-10 | 0.1 | 0.3 | 0.0 |
| 2020-11 | 0.2 | 0.4 | 0.2 |
| 2020-12 | 0.0 | 0.1 | 0.0 |
| 2021-01 | 0.8 | 1.0 | 0.6 |
| 2021-02 | 0.8 | 0.6 | 0.6 |
| 2021-03 | 1.4 | 0.8 | 1.1 |
| 2021-04 | 1.6 | 1.0 | 1.2 |
| 2021-05 | 1.8 | 0.9 | 1.4 |
| 2021-06 | 1.9 | 1.1 | 1.5 |
| 2021-07 | 1.5 | 0.4 | 1.2 |
| 2021-08 | 2.4 | 1.5 | 1.9 |
| 2021-09 | 2.7 | 1.3 | 2.2 |
| 2021-10 | 3.2 | 1.4 | 2.6 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
- Source: INSEE
Acceleration in energy prices year on year
Year on year, the energy prices accelerated sharply in October (+20.2% after +14.9%). This is the case of prices of petroleum products (+27.0% after +19.6%) in link with those of diesel (+27.4% after +19.3%), petrol (+22.2% after +18.3%) and liquid fuels (+44.1% after +27.8%). The trend of gas prices is increasing year on year (+50.2% after +38.8%). The prices of electricity also accelerated (+2.6% after +2.2%).
Maintained increase in service prices year on year
Year on year, service prices rose in October: +1.8% after +1.4% in September. The prices of transport services accelerated (+8.8% after +7.4%) in link with those of airfares (+16.7% after +8.7%) and – to a lesser extent – transport by railway (+7.3% after +6.0%). The prices of communication services increased sharply (+5.3% after +2.3%) and those of housing-related service are still on the rise (+1.4% after +1.3%). The prices of “other services” grew (+1.5% after +1.3%) and the decrease in health service prices softened (−0.8% after −1.0%).
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2021 | October 2021 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 107.25 | 0.4 | 2.6 |
| Overall SA(1) | 10000 | 107.35 | 0.5 | 2.6 |
| Food | 1785 | 108.47 | -0.2 | 0.7 |
| Fresh food | 261 | 126.37 | -1.5 | 1.5 |
| Other food | 1524 | 105.65 | 0.1 | 0.5 |
| Tobacco | 243 | 155.33 | 0.0 | 4.8 |
| Manufactured products | 2501 | 98.99 | 0.2 | 0.3 |
| Clothing and footwear | 354 | 103.22 | 1.0 | 0.0 |
| Medical products | 438 | 86.67 | -0.2 | -1.6 |
| Other manufactured products | 1709 | 101.21 | 0.1 | 0.8 |
| Energy | 746 | 128.00 | 4.8 | 20.2 |
| Petroleum products | 343 | 129.42 | 5.8 | 27.0 |
| Services | 4725 | 106.57 | 0.0 | 1.8 |
| Actual rentals and services for dwellings | 853 | 103.32 | 0.2 | 1.4 |
| Health services | 647 | 101.96 | 0.5 | -0.8 |
| Transport | 172 | 105.00 | 1.8 | 8.8 |
| Communication | 243 | 100.49 | -0.2 | 5.3 |
| Other services | 2810 | 109.09 | -0.3 | 1.5 |
| Total except rents and tobacco | 9062 | 106.73 | 0.5 | 2.7 |
| Total except tobacco | 9757 | 106.42 | 0.4 | 2.6 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9632 | 106.07 | 0.4 | 2.5 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9624 | 106.08 | 0.5 | 2.8 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France (Mayotte excluded)
- Source : INSEE – Consumer Price Indices
Slight slowdown in the prices of manufactured goods year on year
Year on year, manufactured products increased by 0.3%, after +0.4% in the previous month. This slowdown is linked with the one in the clothing and footwear prices (+0.0% after +0.7%) and the accentuated decrease in health product prices (−1.6% after −1.4%). The prices of “other manufactured goods” advanced, over a year, at the same rate as in the previous month (+0.8%).
The prices of stationery and drawing materials accelerated (+0.9% after +0.6%). Those of small electric household appliances (+0.4% after −0.7%) and non-durable household goods (+0.2% after −0.3%) rebounded. The prices of major household appliances were stable after a decrease in September (−1.1%). The prices of furniture and furnishings (+3.8% after +3.9%), equipments for sport (+2.6% after +3.4%), the jewellery, clocks and watches (+3.0% after +3.7%) and vehicles (+1.2% after +1.3%) slowed down.
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2021 | October 2021 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 6008 | 104.72 | 0.1 | 1.4 |
| Food excluding fresh products. meat. milk and exotic products | 841 | 103.92 | 0.1 | 0.4 |
| Manufactured products | 2011 | 100.14 | -0.1 | 0.5 |
| Services including actual rentals and services for dwellings | 3156 | 107.92 | 0.1 | 2.3 |
| HICP - All items | 10000 | 108.64 | 0.4 | 3.2 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Less increase in food prices
In October, food prices rose by 0.7%, after +1.0% in September. Those of fresh food produces slowed down (+1.5% after +4.9%) in link with the downturn in fresh vegetable prices (−4.5% after +4.8%) and the less increase in fresh fruit prices (+4.3% after +5.1%). Conversely, the prices of fresh fish accelerated (+8.1% after +4.7%). Excluding fresh produces, the food prices increased by 0.5% after +0.3% in September. The prices of bread and cereals (+0.9% after +0.6%), meat (+1.4% after +1.1%) and alcoholic beverages (+0.7% after +0.4%) accelerated and those of milk, cheese and eggs rebounded (+0.1% after −0.1%).
Revisions
Compared to the provisional estimates published on October 29, 2021, the year-on-year and month-on-month changes in CPI and year-on-year change in HICP have been confirmed. The month-on-month change in HICP has been revised downwards 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 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 October 2021, this imputation rate due to Covid-19 is about 2% as in September.
Next publication of final results: 15 December 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 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 October 2021, this imputation rate due to Covid-19 is about 2% as in September.
Next publication of final results: 15 December 2021 at 8:45