Informations Rapides ·
15 June 2022 · n° 151
In May 2022, consumer prices increased by 0.7% over one month and by 5.2% year on
year Consumer price index - final results - May 2022
- Monthly change: +0.7% in May; year-on-year change: +5.2%
- Increase in core inflation year on year
- Acceleration in energy prices year on year
- Increase in service prices year on year
- Acceleration in food prices year on year
- Increase in manufactured good prices year on year
- Revisions
- For further information
Monthly change: +0.7% in May; year-on-year change: +5.2%
In May 2022, the Consumer Price Index (CPI) rose by 0.7% over one month, after +0.4% in April. The prices of energy recovered (+1.6% after −2.5%) linked with the rebound in petroleum product prices (+2.9% after −6.8%). Those of manufactured goods maintained at the same level as in April (+0.5%). The increase in food prices is clear but less sustained than in the previous month (+1.0% after +1.4%). The prices of services also slowed down (+0.5% after +0.7%).
Seasonally adjusted, consumer prices rose by 0.6% after +0.5% in April.
Year on year, consumer prices grew by 5.2% after +4.8% in April. This increase in inflation resulted from the acceleration of energy (+27.8% after +26.5%), service (+3.2% after +3.0%), food (+4.3% after +3.8%) and manufactured good prices (+3.0% after +2.6%).
Increase in core inflation year on year
Year on year, core inflation grew in May, up to +3.7%, after +3.2% in April. The Harmonised Index of Consumer Prices (HICP) rose by 0.8% over one month, after +0.5% in April; year-on-year, it increased by 5.8% after +5.4% 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 | |
|---|---|---|---|
| 2022-05 | 5.8 | 5.2 | 3.7 |
| 2022-04 | 5.4 | 4.8 | 3.2 |
| 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 |
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 prices of energy accelerated in May (+27.8% after +26.5%). Those of petroleum products increased again (+36.7% after +34.0%) in link with the prices of diesel (+35.2% after +34.3%) and petrol (+24.2% after +17.4%). The prices of gas accelerated (+55,0% after +54.4%) and those of electricity slowed down (+6.5% after +6.9%).
Increase in service prices year on year
Year on year, service prices rose by 3.2% in May after +3.0% in April. The prices of “other services” accelerated (+4.0% after +3.3%), notably due to the increase in accommodation service (+7.0% after +6.1%), catering service (+4.6% after +2.7%), maintenance and repair of personal transport equipment service (+5.4% after +4.8%), insurance service (+2.4% after +1.7%) and social protection prices (+5.6% after +5.2%). The prices of housing-related services also accelerated (+2.3% after +1.7%) linked with the increase in heat energy prices (+70.7% after +50.5%). Those of transport services slowed down sharply (+9.0% after +15.7%) linked with the airfares (+19.3% after +22.4%) and transport by road prices (+6.5% after +18.9%). The prices of health services (+0.0% after +0.2%) and communication services (+0.3% after +2.3%) also slowed down.
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | May 2022 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 111.72 | 0.7 | 5.2 |
| Overall SA(1) | 10000 | 111.58 | 0.6 | 5.3 |
| Food | 1649 | 114.11 | 1.0 | 4.3 |
| Fresh food | 249 | 136.59 | -1.4 | 1.8 |
| Other food | 1400 | 110.62 | 1.4 | 4.7 |
| Tobacco | 215 | 155.74 | 0.0 | -0.1 |
| Manufactured products | 2444 | 101.23 | 0.5 | 3.0 |
| Clothing and footwear | 341 | 104.98 | 0.6 | 4.1 |
| Medical products | 395 | 86.19 | -0.3 | -1.4 |
| Other manufactured products | 1708 | 104.27 | 0.7 | 3.8 |
| Energy | 886 | 148.11 | 1.6 | 27.8 |
| Petroleum products | 434 | 160.38 | 2.9 | 36.7 |
| Services | 4806 | 109.58 | 0.5 | 3.2 |
| Actual rentals and services for dwellings | 799 | 105.13 | 0.5 | 2.3 |
| Health services | 697 | 102.16 | -0.1 | 0.0 |
| Transport | 198 | 113.53 | -0.8 | 9.0 |
| Communication | 227 | 101.45 | 0.0 | 0.3 |
| Other services | 2885 | 113.00 | 0.8 | 4.0 |
| Total except rents and tobacco | 9139 | 111.57 | 0.7 | 5.7 |
| Total except tobacco | 9785 | 110.95 | 0.7 | 5.3 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9672 | 110,42 | 0,7 | 5,2 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9666 | 110,69 | 0,7 | 5,5 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France (Mayotte excluded)
- Source : INSEE – Consumer Price Indices
Acceleration in food prices year on year
Year on year, food prices increased by 4.3% after +3.8% in April. Those of fresh food produces were sharply less sustained than in the previous month (+1.8% after +7.1%) in link with the downturn in fresh fruit prices (−1.4% after +4.0%) and the slowdown in fresh vegetable prices (+0.2% after +8.9%). The prices of fresh fish increased again (+13.7% after +12.1%). Excluding fresh produces, the food prices accelerated sharply (+4.7% after +3.3%) linked with the prices of meat (+6.1% after +4.2%) notably poultry (+9.8% after +6.4%), bread and cereals (+5.5% after +4.0%), milk, cheese and eggs (+4.7% after +3.3%), oils and fats (+13.9% after +7.2%) and coffee (+9.1% after +6.2%).
Increase in manufactured good prices year on year
Year on year, manufactured product prices accelerated (+3.0% after +2.6%). The prices of clothing and footwear slowed down (+4.1% after +4.3%) contrary to those of “other manufactured products” (+3.8% after +3.2%). The prices of furniture and furnishings (+6.3% after +5.3%), major household appliances (+4.1% after +2.6%), non-durable household goods (+4.0% after +2.8%), newspapers, books and stationery (+3.7% after +3.1%) and vehicles (+4.8% after +4.0%) accelerated. Finally, the decrease in health product prices accentuated (−1.4% after −1.2%) linked with pharmaceutical product prices (−1.9% after −1.7%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | May 2022 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 5917 | 107.96 | 0.7 | 3.7 |
| Food excluding fresh products. meat. milk and exotic products | 758 | 107.82 | 1.1 | 3.8 |
| Manufactured products | 2006 | 103.59 | 0.6 | 4.0 |
| Services including actual rentals and services for dwellings | 3153 | 110.92 | 0.5 | 3.5 |
| HICP - All items | 10000 | 113.63 | 0.8 | 5.8 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared to the provisional estimates published on May 31, 2022, the year-on-year changes in CPI and in HICP have been confirmed. The month-on-month changes in CPI and 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.
Next publication of final results: 30 June 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.
Next publication of final results: 30 June 2022 at 8:45