Informations Rapides ·
13 January 2023 · n° 8
In December 2022, consumer prices fell back slightly over one month (‑0.1%) and increased
by 5.9% year on year Consumer price index - final results - December 2022
In the next publication released on 31 January, about provisional results on January 2023, the geographic scope of CPI and HICP will expand. The indices about “France” will also cover Mayotte. Additional information will be available with definitive results published on 17 February in the note about methodological changes for 2023.
In addition, INSEE also publishes annual average rates of change in 2022 in another issue of Informations Rapides (No. 9).
- Monthly change: ‑0.1% in December; year-on-year change: +5.9%
- Stability in core inflation year on year
- Slowdown in energy prices year on year
- Slight slowdown in service prices year on year
- Stability in food inflation year on year
- Slight acceleration in manufactured good prices year on year
- Revisions
- For further information
Monthly change: ‑0.1% in December; year-on-year change: +5.9%
In December 2022, the Consumer Price Index (CPI) declined by 0.1% over one month, after +0.3% in November. The prices of energy fell back (‑3.6% after +0.9%) due to the decrease in petroleum product prices (‑5.2% after +0.3%). The prices of manufactured goods slowed down (+0.2% after +0.4%) and those of food increased at the same pace than in the previous month (+0.5%). The prices of services accelerated (+0.3% after +0.1%), notably those of transport services (+2.3% after +0.6%).
Seasonally adjusted, consumer prices declined by 0.1%, after +0.2% in November.
Year on year, consumer prices grew by 5.9% in December 2022, after +6.2% in November. This decrease in inflation resulted from a slowdown in energy prices (+15.1% after +18.4%) and, to a lesser extent, service prices (+2.9% after +3.0%). The prices of food increased over one year at the same pace than in the previous month (+12.1%) and those of manufactured goods accelerated (+4.6% after +4.4%).
Stability in core inflation year on year
Year on year, core inflation was stable in December, at 5.3%, as in November.
The Harmonised Index of Consumer Prices (HICP) declined by 0.1% over one month, after +0.4% in the previous month; year on year, it rose by 6.7%, after +7.1% in November.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | ISJ | CPI | |
|---|---|---|---|
| 2022-12 | 6.7 | 5.3 | 5.9 |
| 2022-11 | 7.1 | 5.3 | 6.2 |
| 2022-10 | 7.1 | 5.0 | 6.2 |
| 2022-09 | 6.2 | 4.5 | 5.6 |
| 2022-08 | 6.6 | 4.7 | 5.9 |
| 2022-07 | 6.8 | 4.3 | 6.1 |
| 2022-06 | 6.5 | 3.7 | 5.8 |
| 2022-05 | 5.8 | 3.7 | 5.2 |
| 2022-04 | 5.4 | 3.2 | 4.8 |
| 2022-03 | 5.1 | 2.5 | 4.5 |
| 2022-02 | 4.2 | 2.5 | 3.6 |
| 2022-01 | 3.3 | 1.6 | 2.9 |
| 2021-12 | 3.4 | 1.9 | 2.8 |
| 2021-11 | 3.4 | 1.7 | 2.8 |
| 2021-10 | 3.2 | 1.5 | 2.6 |
| 2021-09 | 2.7 | 1.3 | 2.2 |
| 2021-08 | 2.4 | 1.3 | 1.9 |
| 2021-07 | 1.5 | 0.2 | 1.2 |
| 2021-06 | 1.9 | 1.1 | 1.5 |
| 2021-05 | 1.8 | 1.0 | 1.4 |
| 2021-04 | 1.6 | 1.0 | 1.2 |
| 2021-03 | 1.4 | 0.9 | 1.1 |
| 2021-02 | 0.8 | 0.6 | 0.6 |
| 2021-01 | 0.8 | 1.0 | 0.6 |
| 2020-12 | 0.0 | 0.0 | 0.0 |
| 2020-11 | 0.2 | 0.3 | 0.2 |
| 2020-10 | 0.1 | 0.2 | 0.0 |
| 2020-09 | 0.0 | 0.4 | 0.0 |
| 2020-08 | 0.2 | 0.5 | 0.2 |
| 2020-07 | 0.9 | 1.4 | 0.8 |
| 2020-06 | 0.2 | 0.3 | 0.2 |
| 2020-05 | 0.4 | 0.6 | 0.4 |
| 2020-04 | 0.4 | 0.3 | 0.3 |
| 2020-03 | 0.8 | 0.7 | 0.7 |
| 2020-02 | 1.6 | 1.2 | 1.4 |
| 2020-01 | 1.7 | 0.9 | 1.5 |
| 2019-12 | 1.6 | 1.1 | 1.5 |
| 2019-11 | 1.2 | 1.0 | 1.0 |
| 2019-10 | 0.9 | 1.0 | 0.8 |
| 2019-09 | 1.1 | 0.9 | 0.9 |
| 2019-08 | 1.3 | 0.8 | 1.0 |
| 2019-07 | 1.3 | 0.9 | 1.1 |
| 2019-06 | 1.4 | 0.9 | 1.2 |
| 2019-05 | 1.1 | 0.5 | 0.9 |
| 2019-04 | 1.5 | 0.8 | 1.3 |
| 2019-03 | 1.3 | 0.5 | 1.1 |
| 2019-02 | 1.6 | 0.6 | 1.3 |
| 2019-01 | 1.4 | 0.6 | 1.2 |
| 2018-12 | 1.9 | 0.7 | 1.6 |
| 2018-11 | 2.2 | 0.7 | 1.9 |
| 2018-10 | 2.5 | 0.8 | 2.2 |
| 2018-09 | 2.5 | 0.7 | 2.2 |
| 2018-08 | 2.6 | 0.9 | 2.3 |
| 2018-07 | 2.6 | 0.8 | 2.3 |
| 2018-06 | 2.3 | 0.8 | 2.0 |
| 2018-05 | 2.3 | 1.0 | 2.0 |
| 2018-04 | 1.8 | 0.8 | 1.6 |
| 2018-03 | 1.7 | 0.9 | 1.6 |
| 2018-02 | 1.3 | 0.7 | 1.2 |
| 2018-01 | 1.5 | 0.8 | 1.3 |
| 2017-12 | 1.2 | 0.6 | 1.2 |
| 2017-11 | 1.2 | 0.5 | 1.2 |
| 2017-10 | 1.2 | 0.5 | 1.1 |
| 2017-09 | 1.1 | 0.5 | 1.0 |
| 2017-08 | 1.0 | 0.5 | 0.9 |
| 2017-07 | 0.8 | 0.5 | 0.7 |
| 2017-06 | 0.8 | 0.4 | 0.7 |
| 2017-05 | 0.9 | 0.3 | 0.8 |
| 2017-04 | 1.4 | 0.5 | 1.2 |
| 2017-03 | 1.4 | 0.4 | 1.1 |
| 2017-02 | 1.4 | 0.1 | 1.2 |
| 2017-01 | 1.6 | 0.6 | 1.3 |
| 2016-12 | 0.8 | 0.4 | 0.6 |
| 2016-11 | 0.7 | 0.6 | 0.5 |
| 2016-10 | 0.5 | 0.5 | 0.4 |
| 2016-09 | 0.5 | 0.7 | 0.4 |
| 2016-08 | 0.4 | 0.4 | 0.2 |
| 2016-07 | 0.4 | 0.5 | 0.2 |
| 2016-06 | 0.3 | 0.7 | 0.2 |
| 2016-05 | 0.1 | 0.7 | 0.0 |
| 2016-04 | -0.1 | 0.6 | -0.2 |
| 2016-03 | -0.1 | 0.7 | -0.1 |
| 2016-02 | -0.1 | 0.7 | -0.2 |
| 2016-01 | 0.3 | 0.9 | 0.2 |
| 2015-12 | 0.3 | 1.0 | 0.2 |
| 2015-11 | 0.1 | 0.9 | 0.0 |
| 2015-10 | 0.2 | 0.8 | 0.1 |
| 2015-09 | 0.1 | 0.6 | 0.0 |
| 2015-08 | 0.1 | 0.5 | 0.0 |
| 2015-07 | 0.2 | 0.6 | 0.2 |
| 2015-06 | 0.3 | 0.6 | 0.3 |
| 2015-05 | 0.3 | 0.5 | 0.3 |
| 2015-04 | 0.1 | 0.4 | 0.1 |
| 2015-03 | 0.0 | 0.2 | -0.1 |
| 2015-02 | -0.3 | 0.2 | -0.3 |
| 2015-01 | -0.4 | 0.1 | -0.4 |
| 2014-12 | 0.1 | -0.1 | 0.1 |
| 2014-11 | 0.4 | -0.2 | 0.3 |
| 2014-10 | 0.5 | 0.0 | 0.5 |
| 2014-09 | 0.4 | 0.1 | 0.3 |
| 2014-08 | 0.5 | 0.3 | 0.4 |
| 2014-07 | 0.6 | 0.1 | 0.5 |
| 2014-06 | 0.6 | 0.1 | 0.5 |
| 2014-05 | 0.8 | 0.3 | 0.7 |
| 2014-04 | 0.8 | 0.5 | 0.7 |
| 2014-03 | 0.8 | 0.5 | 0.6 |
| 2014-02 | 1.1 | 0.8 | 0.9 |
| 2014-01 | 0.8 | 0.2 | 0.6 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
- Source: INSEE
Slowdown in energy prices year on year
Year on year, the prices of energy slowed down in December 2022 (+15.1% after +18.4%). Petroleum product prices decelerated for the second consecutive month (+14.3% after +17.9%), due to the slowdown in diesel prices (+15.6% after +19.3%) and liquid fuel prices (+37.8% after +51.6%). The prices of electricity (+7.3% after +9.9%), gas (+29.3% after +32.6%) and solid fuels (+52.1% after +55.3%) were also less dynamic in December.
Slight slowdown in service prices year on year
Year on year, service prices rose by 2.9% in December 2022, after +3.0% in November. The increase in “other service” prices softened slightly (+3.7% after +3.8%), notably those of accommodation services (+5.6% after +6.0%), participation in recreational and sporting services (+3.9% after +4.2%) and insurance services (+1.0% after +2.0%). The prices of housing-related services slowed down (+2.0% after +2.4%), as did those of transport services (+8.6% after +9.1%), in particular those of transport by road (+4.7% after +9.1%). The prices of communication services declined by 1.4%, as in November. The prices of health services increased by 0.1%, as in the previous month.
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | December 2022 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 114.16 | -0.1 | 5.9 |
| Overall SA(1) | 10000 | 114.08 | -0.1 | 5.8 |
| Food | 1649 | 122.68 | 0.5 | 12.1 |
| Fresh food | 249 | 141.87 | -1.2 | 9.3 |
| Other food | 1400 | 119.66 | 0.8 | 12.6 |
| Tobacco | 215 | 155.85 | 0.0 | 0.3 |
| Manufactured products | 2444 | 103.76 | 0.2 | 4.6 |
| Clothing and footwear | 341 | 107.01 | 0.3 | 2.6 |
| Medical products | 395 | 86.12 | 0.0 | -0.6 |
| Other manufactured products | 1708 | 107.60 | 0.2 | 6.2 |
| Energy | 886 | 148.24 | -3.6 | 15.1 |
| Petroleum products | 434 | 147.49 | -5.2 | 14.3 |
| Services | 4806 | 110.34 | 0.3 | 2.9 |
| Actual rentals and services for dwellings | 799 | 106.04 | 0.0 | 2.0 |
| Health services | 697 | 102.56 | 0.1 | 0.1 |
| Transport | 198 | 119.46 | 2.3 | 8.6 |
| Communication | 227 | 99.22 | 0.0 | -1.4 |
| Other services | 2885 | 113.70 | 0.3 | 3.7 |
| Total except rents and tobacco | 9139 | 114.18 | -0.1 | 6.3 |
| Total except tobacco | 9785 | 113.42 | -0.1 | 6.0 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9672 | 112.76 | -0.1 | 5.7 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9666 | 113.39 | -0.2 | 6.1 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France (Mayotte excluded)
- Source : INSEE – Consumer Price Indices
Stability in food inflation year on year
Year on year, food prices increased by 12.1% in December 2022, as in November. Excluding fresh products, the food prices accelerated (+12.6% after +12.0%), notably those of milk, cheese and eggs (+16.9% after +16.0%), meat (+14.0% after +13.7%), bread and cereals (+12.1% after +11.8%), sugar, jam, honey, chocolate and confectionery (+9.5% after +8.7%), non-alcoholic (+10.6% after +10.2%) and alcoholic beverages (+5.8% after +5.3%). Contrariwise, the prices of fresh products slowed down (+9.3% after +12.7%), in particular, those of fresh vegetables (+12.4% after +21.0%), fresh fruits (+6.1% after +7.5%) and fresh or chilled seafood (+8.9% after +9.1%).
Slight acceleration in manufactured good prices year on year
Year on year, manufactured good prices increased by 4.6% in December 2022, after +4.4% in November due to the rise in “other manufactured good” prices (+6.2% after +5.9%) and the less decrease in health product prices (‑0.6% after ‑0.7%). The prices of furniture and furnishings accelerated (+9.5% after +7.6%), as did those of non-durable household goods (+15.5% after +14.1%), other appliances, articles and products for personal care (+7.1% after +6.5%), newspapers and periodicals (+5.9% after +5.5%) and vehicles (+7.4% after +7.0%). Contrariwise, the prices of clothing and footwear slowed down (+2.6% after +2.8%) notably those of garments (+2.4% after +3.2%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | December 2022 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 5917 | 110.79 | 0.1 | 5.3 |
| Food excluding fresh products. meat. milk and exotic products | 758 | 115.32 | 0.6 | 10.4 |
| Manufactured products | 2006 | 106.25 | 0.2 | 5.7 |
| Services including actual rentals and services for dwellings | 3153 | 112.75 | -0.1 | 3.8 |
| HICP - All items | 10000 | 116.70 | -0.1 | 6.7 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared to the provisional estimates published on 4 January 2023, the month-on-month and year-on-year changes in CPI and HICP have been confirmed.
For further information
Next publication of final results: 17 February 2023 at 8:45
Documentation
CPI : methodological changes for 2022 (pdf,101 Ko)
Abbreviated Methodology (pdf,131 Ko)
Pour en savoir plus
Next publication of final results: 17 February 2023 at 8:45