Informations Rapides ·
15 March 2022 · n° 63
In February 2022, consumer prices increased by 0.8% over one month and by 3.6% year
on year Consumer price index - final results - February 2022
- Monthly change: +0.8% in February; year-on-year change: +3.6%
- Increase in core inflation year on year
- Acceleration in energy prices year on year
- Increase in service prices year on year
- Acceleration in manufactured good prices year on year
- Rise in food prices year on year
- Revisions
- For further information
Monthly change: +0.8% in February; year-on-year change: +3.6%
In February 2022, the Consumer Price Index (CPI) rose by 0.8% over one month, after +0.3% in January. The prices of energy accelerated (+3.6% after +2.9%) in the wake of those of petroleum products (+5.6% after +4.9%). The rise in the prices of services accentuated (+0.5% after +0.3%). Those of manufactured goods rebounded (+0.6% after −1.0%) due to the end of winter sales. The prices of food (+0.3% after +0.6%) and tobacco (+0.1% after +0.2%) slowed down.
Seasonally adjusted, consumer prices rose by 0.7% after +0.6% in January.
Year on year, consumer prices grew by 3.6% after +2.9% in January. This increase in inflation resulted from the acceleration of energy prices (+21.1% after +19.9%), service prices (+2.2% after +2.0%), manufactured good prices (+2.2% after +0.6%) and food prices (+2.1% after +1.5%). The slight decrease in tobacco prices over one year maintained at the same level as in January (−0.1%).
Increase in core inflation year on year
Year on year, core inflation grew in February, up to +2.5%, after +1.6% in January. The Harmonised Index of Consumer Prices (HICP) rose by 0.9% over one month, after +0.2% in January; year on year, it increased by 4.2% after +3.3% in the previous month.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | CPI | ISJ | |
|---|---|---|---|
| 2022-02 | 4.2 | 3.6 | 2.5 |
| 2022-01 | 3.3 | 2.9 | 1.6 |
| 2021-12 | 3.4 | 2.8 | 1.9 |
| 2021-11 | 3.4 | 2.8 | 1.7 |
| 2021-10 | 3.2 | 2.6 | 1.5 |
| 2021-09 | 2.7 | 2.2 | 1.3 |
| 2021-08 | 2.4 | 1.9 | 1.3 |
| 2021-07 | 1.5 | 1.2 | 0.2 |
| 2021-06 | 1.9 | 1.5 | 1.1 |
| 2021-05 | 1.8 | 1.4 | 1.0 |
| 2021-04 | 1.6 | 1.2 | 1.0 |
| 2021-03 | 1.4 | 1.1 | 0.9 |
| 2021-02 | 0.8 | 0.6 | 0.6 |
| 2021-01 | 0.8 | 0.6 | 1.0 |
| 2020-12 | 0.0 | 0.0 | 0.0 |
| 2020-11 | 0.2 | 0.2 | 0.3 |
| 2020-10 | 0.1 | 0.0 | 0.2 |
| 2020-09 | 0.0 | 0.0 | 0.4 |
| 2020-08 | 0.2 | 0.2 | 0.5 |
| 2020-07 | 0.9 | 0.8 | 1.4 |
| 2020-06 | 0.2 | 0.2 | 0.3 |
| 2020-05 | 0.4 | 0.4 | 0.6 |
| 2020-04 | 0.4 | 0.3 | 0.3 |
| 2020-03 | 0.8 | 0.7 | 0.7 |
| 2020-02 | 1.6 | 1.4 | 1.2 |
| 2020-01 | 1.7 | 1.5 | 0.9 |
| 2019-12 | 1.6 | 1.5 | 1.1 |
| 2019-11 | 1.2 | 1.0 | 1.0 |
| 2019-10 | 0.9 | 0.8 | 1.0 |
| 2019-09 | 1.1 | 0.9 | 0.9 |
| 2019-08 | 1.3 | 1.0 | 0.8 |
| 2019-07 | 1.3 | 1.1 | 0.9 |
| 2019-06 | 1.4 | 1.2 | 0.9 |
| 2019-05 | 1.1 | 0.9 | 0.5 |
| 2019-04 | 1.5 | 1.3 | 0.8 |
| 2019-03 | 1.3 | 1.1 | 0.5 |
| 2019-02 | 1.6 | 1.3 | 0.6 |
| 2019-01 | 1.4 | 1.2 | 0.6 |
| 2018-12 | 1.9 | 1.6 | 0.7 |
| 2018-11 | 2.2 | 1.9 | 0.7 |
| 2018-10 | 2.5 | 2.2 | 0.8 |
| 2018-09 | 2.5 | 2.2 | 0.7 |
| 2018-08 | 2.6 | 2.3 | 0.9 |
| 2018-07 | 2.6 | 2.3 | 0.8 |
| 2018-06 | 2.3 | 2.0 | 0.8 |
| 2018-05 | 2.3 | 2.0 | 1.0 |
| 2018-04 | 1.8 | 1.6 | 0.8 |
| 2018-03 | 1.7 | 1.6 | 0.9 |
| 2018-02 | 1.3 | 1.2 | 0.7 |
| 2018-01 | 1.5 | 1.3 | 0.8 |
| 2017-12 | 1.2 | 1.2 | 0.6 |
| 2017-11 | 1.2 | 1.2 | 0.5 |
| 2017-10 | 1.2 | 1.1 | 0.5 |
| 2017-09 | 1.1 | 1.0 | 0.5 |
| 2017-08 | 1.0 | 0.9 | 0.5 |
| 2017-07 | 0.8 | 0.7 | 0.5 |
| 2017-06 | 0.8 | 0.7 | 0.4 |
| 2017-05 | 0.9 | 0.8 | 0.3 |
| 2017-04 | 1.4 | 1.2 | 0.5 |
| 2017-03 | 1.4 | 1.1 | 0.4 |
| 2017-02 | 1.4 | 1.2 | 0.1 |
| 2017-01 | 1.6 | 1.3 | 0.6 |
| 2016-12 | 0.8 | 0.6 | 0.4 |
| 2016-11 | 0.7 | 0.5 | 0.6 |
| 2016-10 | 0.5 | 0.4 | 0.5 |
| 2016-09 | 0.5 | 0.4 | 0.7 |
| 2016-08 | 0.4 | 0.2 | 0.4 |
| 2016-07 | 0.4 | 0.2 | 0.5 |
| 2016-06 | 0.3 | 0.2 | 0.7 |
| 2016-05 | 0.1 | 0.0 | 0.7 |
| 2016-04 | -0.1 | -0.2 | 0.6 |
| 2016-03 | -0.1 | -0.1 | 0.7 |
| 2016-02 | -0.1 | -0.2 | 0.7 |
| 2016-01 | 0.3 | 0.2 | 0.9 |
| 2015-12 | 0.3 | 0.2 | 1.0 |
| 2015-11 | 0.1 | 0.0 | 0.9 |
| 2015-10 | 0.2 | 0.1 | 0.8 |
| 2015-09 | 0.1 | 0.0 | 0.6 |
| 2015-08 | 0.1 | 0.0 | 0.5 |
| 2015-07 | 0.2 | 0.2 | 0.6 |
| 2015-06 | 0.3 | 0.3 | 0.6 |
| 2015-05 | 0.3 | 0.3 | 0.5 |
| 2015-04 | 0.1 | 0.1 | 0.4 |
| 2015-03 | 0.0 | -0.1 | 0.2 |
| 2015-02 | -0.3 | -0.3 | 0.2 |
| 2015-01 | -0.4 | -0.4 | 0.1 |
| 2014-12 | 0.1 | 0.1 | -0.1 |
| 2014-11 | 0.4 | 0.3 | -0.2 |
| 2014-10 | 0.5 | 0.5 | 0.0 |
| 2014-09 | 0.4 | 0.3 | 0.1 |
| 2014-08 | 0.5 | 0.4 | 0.3 |
| 2014-07 | 0.6 | 0.5 | 0.1 |
| 2014-06 | 0.6 | 0.5 | 0.1 |
| 2014-05 | 0.8 | 0.7 | 0.3 |
| 2014-04 | 0.8 | 0.7 | 0.5 |
| 2014-03 | 0.8 | 0.6 | 0.5 |
| 2014-02 | 1.1 | 0.9 | 0.8 |
| 2014-01 | 0.8 | 0.6 | 0.2 |
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 in February (+21.1% after +19.9%). The petroleum product prices increased at a more robust pace (+26.9% after +24.3%) in link with the prices of diesel (+26.3% after +23.9%), petrol (+22.4% after +20.7%) and liquid fuels (+43.4% after +37.8%). The prices of electricity rose as well (+4.9% after +3.9%) and those of gas barely slowed down (+47.1% after +50.9%).
Increase in service prices year on year
Year on year, service prices rose by 2.2% in February after +2.0% in January. The prices of “other services” accelerated (+2.9% after +2.6%) linked with the increase in catering services (+2.7% after +2.1%), accommodation services (+5.2% after +4.7%), toll facilities and parking meters (+2.6% after +1.1%) and the rebound in recreational and sporting services (+1.7% after −0.8%). The increase in transport service prices accentuated (+6.1% after +3.9%) in the wake of transport by road prices (+6.6% after +4.9%), transport by railway (+10.1% after +6.8%) and airfares (+6.6% after +3.6%). The prices of communication services accelerated (+2.3% after +1.4%) and those of housing-related services maintained at the same level as in the previous month (+1.8%). Finally, the decreased in health services accentuated in February (−0.9% after −0.6%).
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | February 2022 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 108.94 | 0.8 | 3.6 |
| Overall SA(1) | 10000 | 109.29 | 0.7 | 3.7 |
| Food | 1649 | 110.45 | 0.3 | 2.1 |
| Fresh food | 249 | 132.91 | 0.1 | 5.9 |
| Other food | 1400 | 106.98 | 0.4 | 1.4 |
| Tobacco | 215 | 155.78 | 0.1 | -0.1 |
| Manufactured products | 2444 | 98.85 | 0.6 | 2.2 |
| Clothing and footwear | 341 | 96.67 | 1.1 | 6.3 |
| Medical products | 395 | 86.52 | 0.0 | -1.5 |
| Other manufactured products | 1708 | 102.32 | 0.7 | 2.4 |
| Energy | 886 | 137.19 | 3.6 | 21.1 |
| Petroleum products | 434 | 142.98 | 5.6 | 26.9 |
| Services | 4806 | 108.06 | 0.5 | 2.2 |
| Actual rentals and services for dwellings | 799 | 104.52 | 0.5 | 1.8 |
| Health services | 697 | 101.78 | 0.0 | -0.9 |
| Transport | 198 | 105.58 | 4.0 | 6.1 |
| Communication | 227 | 101.34 | 0.6 | 2.3 |
| Other services | 2885 | 111.24 | 0.3 | 2.9 |
| Total except rents and tobacco | 9139 | 108.56 | 0.8 | 4.0 |
| Total except tobacco | 9785 | 108.14 | 0.8 | 3.7 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9672 | 107.71 | 0.8 | 3.7 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9666 | 107.77 | 0.9 | 3.9 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France (Mayotte excluded)
- Source : INSEE – Consumer Price Indices
Acceleration in manufactured good prices year on year
Year on year, prices of manufactured products increased sharply (+2.2% after +0.6% in the previous month). Clothing and footwear prices rebounded (+6.3% after −0.6%) and those of “other manufactured products” accelerated (+2.4% after +1.5%). The prices of furniture and furnishing (+6.4% after +4.0%), plants and flowers (+3.9% after +3.6%), other appliances, articles and products for personal care (+1.3% after +1.1%) and vehicles (+2.8% after +2.2%) also accelerated. Those of major household appliances rebounded (+1.4% after −0.2%). Finally, the decrease in health product prices softened over a year (−1.5% after −1.9%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | February 2022 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 5917 | 106.36 | 0.5 | 2.5 |
| Food excluding fresh products. meat. milk and exotic products | 758 | 105.14 | 0.2 | 1.3 |
| Manufactured products | 2006 | 102.55 | 0.8 | 3.0 |
| Services including actual rentals and services for dwellings | 3153 | 109.28 | 0.6 | 2.5 |
| HICP - All items | 10000 | 110.49 | 0.9 | 4.2 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Rise in food prices year on year
Year on year, food prices accelerated (+2.1% after +1.5% in January). Those of fresh food produces were more dynamic than in the previous month (+5.9% after +4.0%): the prices of fresh vegetables accelerated sharply (+5.8% after +0.6%), as well as those of fresh fish (+10.3% after +9.5%). However, the prices of fresh fruits slowed down a bit (+4.8% after +5.3%). Excluding fresh produces, the food prices increased by 1.4% after +1.1% in January. The prices of meat (+2.2% after +2.0%), bread and cereals (+2.7% after +2.4%), milk, cheese and eggs (+0.8% after +0.5%) and non-alcoholic beverages (+0.6% after +0.3%) accelerated.
Revisions
Compared to the provisional estimates published on February 25, 2022, the year-on-year change in CPI has been confirmed. The month-on-month changes in CPI and HICP and the year-on-year change in HICP were up by 0.1%.
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 February 2022, this imputation rate due to Covid-19 is about 2%, as in January.
Next publication of final results: 15 April 2022 at 8:45
Documentation
CPI : methodological changes for 2022 (pdf,101 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 February 2022, this imputation rate due to Covid-19 is about 2%, as in January.
Next publication of final results: 15 April 2022 at 8:45