Informations Rapides ·
14 April 2023 · n° 95
In March 2023, consumer prices increased by 0.9% over one month and by 5.7% year on
year Consumer price index - final results - March 2023
- Monthly change: +0.9% in March; year-on-year change: +5.7%
- Increase in core inflation year on year
- Slowdown in energy prices year on year
- Slight slowdown in service prices year on year
- Slight increase in manufactured good inflation year on year
- Acceleration in food prices year on year
- Revisions
- For further information
Monthly change: +0.9% in March; year-on-year change: +5.7%
In March 2023, the Consumer Price Index (CPI) increased by 0.9% over one month, after +1.0% in February. The prices of energy slowed down (+0.2% after +1.6%) due to a new decrease in petroleum product prices (‑0.4% after ‑1.2%). Those of services also slowed down (+0.1% after +0.8%), notably linked with the downturn in transport service prices (‑1.0% after +4.8%). The prices of food increased over a month at a rate close to that of the previous month (+1.8% after +1.7%). Those of manufactured goods (+1.5% after +0.8%) and tobacco (+7.6% after +0.0%) accelerated.
Seasonally adjusted, consumer prices increased by 0.3% in March 2023, after +1.0% in February.
Year on year, consumer prices grew by 5.7% in March 2023, after +6.3% in February. This decrease in inflation resulted from a slowdown in energy prices (+4.9% after +14.1%). The prices of manufactured goods (+4.8% after +4.7%) and services (+2.9% after +3.0%) increased over a year at a rate close to that of the previous month. The prices of food (+15.9% after +14.8%) and tobacco (+7.8% after +0.2%) accelerated.
Increase in core inflation year on year
Year on year, core inflation grew by 6.2% in March 2023, after +6.1% in February.
The Harmonised Index of Consumer Prices (HICP) rose by 1.0% in March 2023 over a month, after +1.1% in the previous month; year on year, it increased by 6.7%, after +7.3% in February.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | CPI | ISJ | |
|---|---|---|---|
| 2023-03 | 6.7 | 5.7 | 6.2 |
| 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 |
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 March 2023 (+4.9% after +14.1%) due to a monthly increase (+0.2%) less strong than that observed in March 2022 (+9.0%) at the start of the conflict in Ukraine. Petroleum product prices fell back markedly (‑7.4% after +8.8%) in the wake of those of diesel (‑8.5% after +8.0%), petrol (‑3.5% after +6.4%) and liquid fuels (‑16.1% after +14.0%). The prices of gas slowed down slightly (+35.6% after +36.3%), as did those of solid fuels (+37.7% after +40.5%). Contrariwise, the prices of electricity accelerated in March (+11.0% after +10.1%), driven by the increase in market offers.
Slight slowdown in service prices year on year
Year on year, service prices rose by 2.9% in March 2023, after +3.0% in February. The prices of “other services” slowed down (+3.5% after +3.7%), notably those of services for the maintenance and repair of the dwelling (+6.0% after +6.4%), accommodation services (+1.0% after +2.9%) and package holidays (+29.0% after +33.5%). The prices of transport services also slowed down (+10.9% after +11.1%) notably airfares (+26.8% after +29.0%) and transport by railway (+8.5% after +9.5%). The decrease in communication service prices softened (‑1.4% after ‑2.0%), as did that of health service prices (‑0.1% after ‑0.2%). Contrariwise, the prices of rents, water and household refuse collection accelerated (+3.0% after +2.7%).
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2023 | March 2023 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 116.79 | 0.9 | 5.7 |
| Overall SA(1) | 10000 | 116.76 | 0.3 | 5.8 |
| Food | 1624 | 129.16 | 1.8 | 15.9 |
| Fresh food | 238 | 157.81 | 3.2 | 17.1 |
| Other food | 1386 | 124.77 | 1.6 | 15.7 |
| Tobacco | 185 | 167.94 | 7.6 | 7.8 |
| Manufactured products | 2322 | 105.09 | 1.5 | 4.8 |
| Clothing and footwear | 341 | 106.24 | 7.4 | 2.9 |
| Medical products | 384 | 86.16 | 0.1 | -0.4 |
| Other manufactured products | 1597 | 109.76 | 0.7 | 6.5 |
| Energy | 857 | 156.86 | 0.2 | 4.9 |
| of which petroleum products | 432 | 154.83 | -0.4 | -7.4 |
| Services | 5012 | 111.46 | 0.1 | 2.9 |
| Rents, water and household refuse collection | 744 | 107.70 | 0.3 | 3.0 |
| Health services | 639 | 101.65 | 0.1 | -0.1 |
| Transport | 301 | 116.04 | -1.0 | 10.9 |
| Communication | 208 | 99.97 | 0.6 | -1.4 |
| Other services | 3120 | 115.59 | 0.2 | 3.5 |
| Total except rents and tobacco | 9219 | 116.76 | 0.8 | 5.9 |
| Total except tobacco | 9815 | 115.92 | 0.7 | 5.7 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9718 | 115.33 | 0.8 | 5.5 |
| c) Households in the first quintile of the living standards distribution | ||||
| All products excluding tobacco | 9700 | 116.07 | 0.8 | 6.1 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France
- Source : INSEE – Consumer Price Indices
Slight increase in manufactured good inflation year on year
Year on year, manufactured good prices increased by 4.8% in March 2023, after +4.7% in February. The prices of clothing and footwear accelerated (+2.9% after +2.3%) and those of “other manufactured goods” increased over a year at the same rate than in the previous month (+6.5%). The prices of furniture and furnishings slowed down (+9.1% after +9.8%), as did those of major household appliances (+4.4% after +5.7%), small electric household appliances (+9.1% after +13.9%) and vehicles (+6.5% after +6.6%). Contrariwise, the prices of glassware, tableware and household utensils accelerated (+9.7% after +8.6%), as did those of cleaning and maintenance products (+13.6% after +12.7%), games, toys and hobbies (+2.4% after +1.2%) and garden products, plants and flowers (+6.6% after +5.3%). Finally, the decrease in health product prices softened slightly (‑0.4% after ‑0.5%).
Acceleration in food prices year on year
Year on year, food prices rose by 15.9% in March 2023, after +14.8% in February. The prices of fresh products accelerated for the third consecutive month (+17.1% after +15.0% in February and +10.2% in January), notably those of fresh vegetables (+29.3% after +23.3%) and fresh fruits (+10.1% after +9.8%). Contrariwise, those of fresh fish slowed down (+10.0% after +12.0%). Excluding fresh products, food prices also accelerated (+15.7% after +14.8%), notably the prices of bread and cereals (+15.4% after +14.4%), meat (+15.5% after +15.4%), cheese and curd (+20.3% after +19.4%), sugar, jam, honey, chocolate and confectionery (+15.5% after +13.4%), non-alcoholic (+14.0% after +12.7%) and alcoholic beverages (+8.1% after +7.4%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2023 | March 2023 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 6057 | 113.15 | 0.4 | 6.2 |
| Food excluding fresh products, meat, milk and exotic products | 766 | 120.67 | 1.7 | 13.9 |
| Manufactured products | 1899 | 108.32 | 0.1 | 5.8 |
| Services including actual rentals and services for dwellings | 3392 | 114.54 | 0.2 | 4.5 |
| HICP - All items | 10000 | 119.76 | 1.0 | 6.7 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared to the provisional estimates published on 31 March 2023, the month-on-month and year-on-year changes in CPI and HICP in March 2023 were up by 0.1 points.
For further information
Next publication of final results: 12 May 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: 12 May 2023 at 8:45