Informations Rapides · 15 March 2023 · n° 63
In February 2023, consumer prices increased by 1.0% over one month and by 6.3% year
on year Consumer price index - final results - February 2023
- Monthly change: +1.0% in February; year-on-year change: +6.3%
- Increase in core inflation year on year
- Acceleration in food prices year on year
- Acceleration in service prices year on year
- Increase in manufactured good prices year on year
- Slowdown in energy prices year on year
- Revisions
- For further information
Monthly change: +1.0% in February; year-on-year change: +6.3%
In February 2023, the Consumer Price Index (CPI) increased by 1.0% over one month, after +0.4% in January. The prices of manufactured goods rebounded (+0.8% after ‑1.1%) with the end of winter sales. Those of services accelerated (+0.8% after +0.1%) linked with the rebound in transport service prices (+4.8% after ‑6.4%). The prices of food increased at the same rate than in January (+1.7%) and those of energy slowed down (+1.6% after +3.9%): the rise of electricity prices due to the revaluation of regulated tariffs was partly offset by the decline in petroleum product prices (‑1.2% after +6.7%).
Seasonally adjusted, consumer prices increased by 1.0% in February 2023, after +0.8% in January.
Year on year, consumer prices grew by 6.3% in February 2023, after +6.0% in January. This increase in inflation resulted from an acceleration in prices of food (+14.8% after +13.3%), services (+3.0% after +2.6%) and manufactured goods (+4.7% after +4.5%). Contrariwise, the prices of energy slowed down (+14.1% after +16.3%).
Increase in core inflation year on year
Year on year, core inflation grew by 6.1% in February 2023, after +5.6% in January.
The Harmonised Index of Consumer Prices (HICP) rose by 1.1% in February 2023 over one month, after +0.4% in the previous month; year on year, it increased by 7.3%, after +7.0% in January.
tableau Consumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
HICP | CPI | ISJ | |
---|---|---|---|
2023-02 | 7.3 | 6.3 | 6.1 |
2023-01 | 7.0 | 6.0 | 5.6 |
2022-12 | 6.7 | 5.9 | 5.3 |
2022-11 | 7.1 | 6.2 | 5.3 |
2022-10 | 7.1 | 6.2 | 5.0 |
2022-09 | 6.2 | 5.6 | 4.5 |
2022-08 | 6.6 | 5.9 | 4.7 |
2022-07 | 6.8 | 6.1 | 4.3 |
2022-06 | 6.5 | 5.8 | 3.7 |
2022-05 | 5.8 | 5.2 | 3.7 |
2022-04 | 5.4 | 4.8 | 3.3 |
2022-03 | 5.1 | 4.5 | 2.6 |
2022-02 | 4.2 | 3.6 | 2.5 |
2022-01 | 3.3 | 2.9 | 1.7 |
2021-12 | 3.4 | 2.8 | 1.9 |
2021-11 | 3.4 | 2.8 | 1.6 |
2021-10 | 3.2 | 2.6 | 1.4 |
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 | 0.4 |
2021-01 | 0.8 | 0.6 | 0.9 |
2020-12 | 0.0 | 0.0 | 0.2 |
2020-11 | 0.2 | 0.2 | 0.4 |
2020-10 | 0.1 | 0.0 | 0.3 |
2020-09 | 0.0 | 0.0 | 0.5 |
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 | 1.3 |
2020-01 | 1.7 | 1.5 | 0.9 |
2019-12 | 1.6 | 1.5 | 1.1 |
2019-11 | 1.2 | 1.0 | 0.9 |
2019-10 | 0.9 | 0.8 | 1.0 |
2019-09 | 1.1 | 0.9 | 0.9 |
2019-08 | 1.3 | 1.0 | 0.7 |
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 | 0.7 |
2019-03 | 1.3 | 1.1 | 0.5 |
2019-02 | 1.6 | 1.3 | 0.7 |
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 | 0.9 |
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 | 0.2 |
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 |
graphique Consumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes

- Source: INSEE
Acceleration in food prices year on year
Year on year, food prices rose by 14.8% in February 2023, after +13.3% in January. The increase in fresh product prices was more marked than in the previous month (+15.0% after +10.2%): the prices of fresh vegetables (+23.3% after +12.0%) and fresh fruits (+9.8% after +7.4%) accelerated. Contrariwise, those of fresh fish slowed down (+12.0% after +14.7%). Excluding fresh products, food prices also accelerated (+14.8% after +13.9%) linked with the prices of bread and cereals (+14.4% after +13.4%), meat (+15.4% after +15.0%), cheese and curd (+19.4% after +18.0%), sugar, jam, honey, chocolate and confectionery (+13.4% after +11.5%), non-alcoholic (+12.7% after +11.6%) and alcoholic beverages (+7.4% after +6.9%).
Acceleration in service prices year on year
Year on year, service prices rose by 3.0% in February 2023, after +2.6% in January. The increase in “other service” prices accentuated (+3.7% after +3.5%), notably those of catering services (+5.6% after +5.3%), accommodation services (+2.9% after +2.4%), maintenance and repair of personal transport equipment (+9.3% after +8.7%), toll facilities and parking meters (+3.5% after +2.4%) and package holidays (+33.5% after +19.3%). The prices of transport services accelerated (+11.1% after +10.2%) notably airfares (+29.0% after +25.7%) and transport by railway (+9.5% after +7.9%). The prices of housing-related services also accelerated (+2.7% after +2.0%) due to the increase in actual rentals (+2.1% after +1.2%). The decrease in health service prices softened (‑0.2% after ‑0.4%) and those in communication service prices accentuated (‑2.0% after ‑1.4%).
tableau Detailed figures for various groups
Items | Weight | Index | Percentage change | |
---|---|---|---|---|
2023 | February 2023 | m-on-m change (2) | y-on-y change (3) | |
a) All households | ||||
Overall | 10000 | 115.78 | 1.0 | 6.3 |
Overall SA(1) | 10000 | 116.41 | 1.0 | 6.4 |
Food | 1624 | 126.85 | 1.7 | 14.8 |
Fresh food | 238 | 152.91 | 4.5 | 15.0 |
Other food | 1386 | 122.84 | 1.2 | 14.8 |
Tobacco | 185 | 156.06 | 0.0 | 0.2 |
Manufactured products | 2322 | 103.49 | 0.8 | 4.7 |
Clothing and footwear | 341 | 98.91 | 1.1 | 2.3 |
Medical products | 384 | 86.07 | 0.1 | -0.5 |
Other manufactured products | 1597 | 108.96 | 0.9 | 6.5 |
Energy | 857 | 156.47 | 1.6 | 14.1 |
of which petroleum products | 432 | 155.51 | -1.2 | 8.8 |
Services | 5012 | 111.33 | 0.8 | 3.0 |
Actual rentals and services for dwellings | 744 | 107.39 | 1.2 | 2.7 |
Health services | 639 | 101.59 | 0.1 | -0.2 |
Transport | 301 | 117.27 | 4.8 | 11.1 |
Communication | 208 | 99.34 | 0.1 | -2.0 |
Other services | 3120 | 115.41 | 0.6 | 3.7 |
Total except rents and tobacco | 9219 | 115.84 | 1.0 | 6.7 |
Total except tobacco | 9815 | 115.06 | 1.1 | 6.4 |
b) Urban working-class households or households of employees | ||||
All products excluding tobacco | 9718 | 114.44 | 1.1 | 6.2 |
c) Households in the first quintile of the living standards distribution | ||||
All products excluding tobacco | 9700 | 115.14 | 1.2 | 6.8 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France
- Source : INSEE – Consumer Price Indices
Increase in manufactured good prices year on year
Year on year, manufactured good prices increased by 4.7% in February 2023, after +4.5% in January. The prices of “other manufactured goods” accelerated (+6.5% after +6.2%), notably those of furniture and furnishings (+9.8% after +9.2%), non-durable household goods (+18.1% after +17.6%), games, toys and hobbies (+1.2% after +0.2%) and other appliances, articles and products for personal care (+8.7% after +8.2%). Contrariwise, the prices of clothing and footwear slowed down a bit (+2.3% after +2.4%) as those of vehicles (+6.6% after +7.0%), major household appliances (+5.7% after +6.5%), durable goods for outdoor recreation (+3.3% after +3.7%) and jewellery, clocks and watches (+3.8% after +4.4%). Finally, the decrease in health product prices softened slightly (‑0.5% after ‑0.6%).
Slowdown in energy prices year on year
Year on year, the prices of energy slowed down in February 2023 (+14.1% after +16.3%). The petroleum product prices decelerated sharply (+8.8% after +16.3%) due to the slowdown in prices of diesel (+8.0% after +17.5%), petrol (+6.4% after +9.3%) and liquid fuels (+14.0% after +28.7%). The prices of gas (+36.3% after +38.2%), as those of solid fuels (+40.5% after +45.5%), were slightly less dynamic than in the previous month. Contrariwise, the prices of electricity accelerated (+10.1% after +3.1%), linked with the supervised increase in regulated tariffs.
tableau Detailed figures for Core inflation and HICP
Items | Weight | Index | Percentage change | |
---|---|---|---|---|
2023 | February 2023 | m-on-m change (1) | y-on-y change (2) | |
Core inflation - All items | 6057 | 112.75 | 0.9 | 6.1 |
Food excluding fresh products. meat. milk and exotic products | 766 | 118.71 | 1.3 | 12.8 |
Manufactured products | 1899 | 108.17 | 0.8 | 5.7 |
Services including actual rentals and services for dwellings | 3392 | 114.34 | 0.8 | 4.6 |
HICP - All items | 10000 | 118.55 | 1.1 | 7.3 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared to the provisional estimates published on 28 February 2023, the month-on-month and year-on-year changes in CPI and HICP were up by 0.1 points.
For further information
Next publication of final results: 14 April 2023 at 8:45
Documentation
CPI: methodological changes for 2023 (pdf, 188 Ko)
Abbreviated Methodology (pdf, 131 Ko)
Pour en savoir plus
Next publication of final results: 14 April 2023 at 8:45