Insee
Informations Rapides · 15 April 2022 · n° 96
Informations rapidesIn March 2022, consumer prices increased by 1.4% over one month and by 4.5% year on year Consumer price index - final results - March 2022

Informations rapides
No 96
Paru le :Paru le15/04/2022
Prochaine parution le : 12/07/2024 at 08:45 - June 2024

Monthly change: +1.4% in March; year-on-year change: +4.5%

In March 2022, the Consumer Price Index (CPI) rose by 1.4% over one month, after +0.8% in February. The prices of energy accelerated (+9.0% after +3.6%) in the wake of those of petroleum products (+17.0% after +5.6%). The prices of manufactured goods (+1.4% after +0.6%) and those of food (+0.9% after +0.3%) accelerated to a lesser extent. The prices of services slowed down (+0.2% after +0.5%) linked with the downturn in transport service prices (−0.9 % after +4.0%).

Seasonally adjusted, consumer prices rose by 1.0% after +0.7% in February.

Year on year, consumer prices grew by 4.5% after +3.6% in February. This sharp increase in inflation resulted from the acceleration of energy prices (+29.2% after +21.1%), food prices (+2.9% after +2.1%) and, to a lesser extent, service prices (+2.3% after +2.2%). The prices of manufactured goods slowed down slightly (+2.1% after +2.2%). The decrease in tobacco prices maintained at the same level as in February (−0.1 %).

Stability in core inflation year on year

Year on year, core inflation increased, in March, by 2.5% year on year, as in February. The Harmonised Index of Consumer Prices (HICP) rose by 1.6% over one month, after +0.9% in February; year-on-year, it increased by 5.1% after +4.2% in the previous month.

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
2022-03 5.1 4.5 2.5
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

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

  • Source: INSEE

Sharp acceleration in energy prices year on year

Year on year, the energy prices accelerated in March (+29.2% after +21.1%). The increase in petroleum product prices was more dynamic than in February (+43.5% after +26.9%) in link with the prices of diesel (+43.6% after +26.3%), petrol (+30.5% after +22.4%) and liquid fuels (+84.0% after +43.4%). The prices of electricity rose as well (+6.0% after +4.9%) and those of gas slowed down (+41.3% after +47.1%).

Acceleration in food prices year on year

Year on year, food prices increased by 2.9% after +2.1% in February. Those of fresh food produces were more dynamic than in the previous month (+7.6% after +5.9%): the prices of fresh fruits (+5.8% after +4.8%), fresh fish (+15.6% after +10.3%) and fresh vegetables (+8.0% after +5.8%) accelerated. Excluding fresh produces, the food prices increased by 2.1% after +1.4% in February. The prices of meat (+3.0% after +2.2%), bread and cereals (+3.3% after +2.7%), milk, cheese and eggs (+1.7% after +0.8%), non-alcoholic beverages (+1.3% after +0.6%) and alcoholic beverages (+0.8% after +0.3%) accelerated as well.

Detailed figures for various groups

2015:100
Detailed figures for various groups (2015:100)
Items Weight Index Percentage change
2022 March 2022 m-on-m change (2) y-on-y change (3)
a) All households
Overall 10000 110.49 1.4 4.5
Overall SA(1) 10000 110.35 1.0 4.5
Food 1649 111.42 0.9 2.9
Fresh food 249 134.75 1.4 7.6
Other food 1400 107.82 0.8 2.1
Tobacco 215 155.79 0.0 -0.1
Manufactured products 2444 100.25 1.4 2.1
Clothing and footwear 341 103.28 6.8 3.5
Medical products 395 86.50 0.0 -1.2
Other manufactured products 1708 103.09 0.8 2.6
Energy 886 149.55 9.0 29.2
Petroleum products 434 167.22 17.0 43.5
Services 4806 108.27 0.2 2.3
Actual rentals and services for dwellings 799 104.56 0.0 1.7
Health services 697 101.79 0.0 -0.9
Transport 198 104.60 -0.9 6.1
Communication 227 101.34 0.0 2.3
Other services 2885 111.64 0.4 3.1
Total except rents and tobacco 9139 110.24 1.5 4.9
Total except tobacco 9785 109.70 1.4 4.6
b) Urban working-class households or households of employees
All products excluding tobacco 9672 109.29 1.5 4.5
c) Households that belong to the lowest equivalized disposable income quintile - France
All products excluding tobacco 9666 109.37 1.5 4.8
  • (1) seasonally adjusted
  • (2) : [m/(m-1)]
  • (3) : [m/(m-12)]
  • Geographical coverage: France (Mayotte excluded) 
  • Source : INSEE – Consumer Price Indices

Slight increase in service prices year on year

Year on year, service prices rose by 2.3% in March after +2.2% in February. The prices of “other services” accelerated (+3.1% after +2.9%) linked with the increase in accommodation services (+6.1% after +5.2%), maintenance and repair of personal transport equipment services (+3.8% after +3.7%) and dwelling services (+4.1% after +3.5%). The increases in transport service prices (+6.1%) and communication service prices (+2.3%) maintained at the same level as in February. The prices of housing-related services slowed down slightly (+1.7% after +1.8%). Finally, the decrease in health services was similar to February (−0.9%).

Slight slowdown in manufactured good prices year on year

Year on year, manufactured products increased by 2.1% after +2.2% in the previous month. Clothing and footwear prices slowed down (+3.5% after +6.3%) and those of “other manufactured products” accelerated (+2.6% after +2.4%). The prices of other appliances, articles and products for personal care (+1.7% after +1.3%), newspapers, books and stationery (+2.8% after +2.2%), major household appliances (+1.8% after +1.4%) and vehicles (+3.4% after +2.8%) accelerated. The prices of small electric household appliances rebounded (+4.3% after −1.0%). Finally, the decrease in health product prices softened over a year (−1.2% after −1.5%).

Detailed figures for Core inflation and HICP

2015:100
Detailed figures for Core inflation and HICP (2015:100)
Items Weight Index Percentage change
2022 March 2022 m-on-m change (1) y-on-y change (2)
Core inflation - All items 5917 106.51 0.1 2.5
Food excluding fresh products. meat. milk and exotic products 758 105.80 0.6 1.9
Manufactured products 2006 102.34 -0.2 2.8
Services including actual rentals and services for dwellings 3153 109.51 0.2 2.5
HICP - All items 10000 112.26 1.6 5.1
  • (1) : [m/(m-1)]
  • (2) : [m/(m-12)]
  • Source: INSEE - Consumer Price Indices

Revisions

Compared to the provisional estimates published on March 31, 2022, the year-on-year and month-on-month changes in CPI and in 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 March 2022, this imputation rate due to Covid-19 is 1%, after 2% in February.

Next publication of final results: 13 May 2022 at 8:45

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 March 2022, this imputation rate due to Covid-19 is 1%, after 2% in February.

Next publication of final results: 13 May 2022 at 8:45

: bureau-de-presse@insee.fr
: