Informations Rapides · 13 July 2022 · n° 182
In June 2022, consumer prices increased by 0.7% over one month and by 5.8% year on year Consumer price index - final results - June 2022

Informations rapides

N^o 182

Paru le :Paru le13/07/2022

Prochaine parution le : 13/12/2024 at 08:45 - November 2024

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Monthly change: +0.7% in June; year-on-year change: +5.8%
Stability of core inflation year on year
Sharp acceleration in energy prices year on year
Acceleration in food prices year on year
Slight increase in service prices year on year
Slowdown in manufactured good prices year on year
Revisions
For further information

Monthly change: +0.7% in June; year-on-year change: +5.8%

In June 2022, the Consumer Price Index (CPI) rose by 0.7% over one month, as in May. The prices of energy accelerated (+5.2% after +1.6%) linked with the sharp increase in petroleum product prices (+9.4% after +2.9%). Those of food slowed down (+0.8% after +1.0%), as those of services (+0.3% after +0.5%). The prices of manufactured goods were stable (+0.0% after +0.5%).

Seasonally adjusted, consumer prices rose by 0.8% after +0.6% in May.

Year on year, consumer prices grew by 5.8% after +5.2% in may. This increase in inflation resulted from the acceleration of energy (+33.1% after +27.8%), food (+5.8% after +4.3%) and, to a lesser extent, service prices (+3.3% after +3.2%). The prices of manufactured goods slowed down (+2.5% after +3.0%).

Stability of core inflation year on year

Year on year, core inflation grew by 3.7% in June, as in May. The Harmonised Index of Consumer Prices (HICP) rose by 0.9% over one month, after +0.8% in May; year-on-year, it increased by 6.5% after +5.8% in the previous month.

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tableauConsumer 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
2022-06	6.5	5.8	3.7
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

Sharp acceleration in energy prices year on year

Year on year, the prices of energy accelerated in June (+33.1% after +27.8%). The year-on-year increase in petroleum product prices is significantly stronger than in the previous month (+47.5% after +36.7%) in link with the prices of diesel (+45.9% after +35.2%) and petrol (+35.9% after +24.2%). The prices of electricity accelerated (+7.6% after +6.5%) and those of gas slowed down (+49.3% after +55.0%).

Acceleration in food prices year on year

Year on year, food prices increased by 5.8% in June, after +4.3% in May. Compared to the previous month, those of fresh food products were more dynamic than in the previous month (+6.6% after +1.8%): the prices of fresh fruits rebounded (+2.9% after -1.4%), and those of fresh vegetable (+7.3% after +0.2%) and fresh fish (+18.3% after +13.7%) accelerated. Excluding fresh products, the food prices also accelerated (+5.7% after +4.7%) linked with the prices of meat (+7.2% after +6.1%) notably poultry (+12.1% after +9.8%), bread and cereals (+6.6% after +5.5%), milk, cheese and eggs (+5.9% after +4.7%) and oils and fats (+17.7% after +13.9%).

tableauDetailed figures for various groups

2015:100

Detailed figures for various groups (2015:100)
Items	Weight	Index	Percentage change
	2022	June 2022	m-on-m change (2)	y-on-y change (3)
a) All households
Overall	10000	112.55	0.7	5.8
Overall SA(1)	10000	112.46	0.8	5.9
Food	1649	114.99	0.8	5.8
Fresh food	249	136.08	-0.4	6.6
Other food	1400	111.71	1.0	5.7
Tobacco	215	155.74	0.0	-0.1
Manufactured products	2444	101.18	0.0	2.5
Clothing and footwear	341	103.08	-1.8	0.5
Medical products	395	86.16	0.0	-1.5
Other manufactured products	1708	104.58	0.3	3.8
Energy	886	155.87	5.2	33.1
Petroleum products	434	175.38	9.4	47.5
Services	4806	109.86	0.3	3.3
Actual rentals and services for dwellings	799	105.11	0.0	2.2
Health services	697	102.28	0.1	0.1
Transport	198	117.44	3.4	13.1
Communication	227	101.45	0.0	0.3
Other services	2885	113.17	0.2	4.0
Total except rents and tobacco	9139	112.48	0.8	6.4
Total except tobacco	9785	111.80	0.8	6.0
b) Urban working-class households or households of employees
All products excluding tobacco	9672	111,26	0,8	5,8
c) Households that belong to the lowest equivalized disposable income quintile - France
All products excluding tobacco	9666	111,57	0,8	6,3

(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 3.3% in June, after +3.2% in May. The prices of transport services accelerated (+13.1% after +9.0%) linked with those of the airfares (+26.5% after +19.3%), transport by road (+10.8% after +6.5%) and railway prices (+13.2% after +10.8%). Those of health services increased slightly (+0.1% after +0.0%). The year-on-year prices of “other services” increased at the same rhythm than the previous month (+4.0%): on one side, the prices of accommodation service (+9.5% after +7.0%), maintenance and repair of the dwelling service (+4.8% after +4.5%) and of personal transport equipment service (+6.0% after +5.4%) accelerated, on the other side those of catering service (+4.2% after +4.6%) and insurance service (+2.2% after +2.4%) slowed down and those of recreational and cultural services decreased (-0.8% after +0.4%). The year-on-year inflation in communication services was stable (+0.3%). Finally, the prices of housing-related services slightly slowed down (+2.2% after +2.3%).

Slowdown in manufactured good prices year on year

Year on year, manufactured product prices increased less strongly in June than in May (+2.5% after +3.0%), mostly due to a sharp slowdown in clothing and footwear (+0,5% after +4.1%) linked with the beginning of the summer sales. The prices of “other manufactured products” increased at the same rate than the previous month (+3.8%): those of furniture and furnishings (+7.4% after +6.3%), non-durable household goods (+4.8% after +4.0%), newspapers, books and stationery (+4.2% after +3.7%) and vehicles (+5.1% after +4.8%) accelerated, while those of glassware, tableware and households utensils (+3.7% after +5.1%) and other appliances, articles and products for personal care (+2.3% after +3.3%) slowed down. Finally, the decrease in health product prices slightly accentuated (−1.5% after −1.4%) linked with pharmaceutical product prices (−2.0% after −1.9%).

tableauDetailed figures for Core inflation and HICP

2015:100

Detailed figures for Core inflation and HICP (2015:100)
Items	Weight	Index	Percentage change
	2022	June 2022	m-on-m change (1)	y-on-y change (2)
Core inflation - All items	5917	108.09	0.1	3.7
Food excluding fresh products. meat. milk and exotic products	758	108.62	0.7	4.6
Manufactured products	2006	103.20	-0.4	3.3
Services including actual rentals and services for dwellings	3153	111.25	0.3	3.6
HICP - All items	10000	114.60	0.9	6.5

(1) : [m/(m-1)]
(2) : [m/(m-12)]
Source: INSEE - Consumer Price Indices

Revisions

Compared to the provisional estimates published on June 30, 2022, the month-on-month change in CPI and the year-on-year changes in CPI and HICP have been confirmed. The month-on-month change in HICP were up by 0.1%.