Insee
Informations Rapides · 15 September 2023 · n° 229
Informations rapidesIn August 2023, consumer prices increased by 1.0% over one month and by 4.9% year on year Consumer price index - final results - August 2023

Informations rapides
No 229
Paru le :Paru le15/09/2023
Prochaine parution le : 14/08/2024 at 08:45 - July 2024

Monthly change: +1.0% in August; year-on-year change: +4.9%

In August 2023, the Consumer Price Index (CPI) increased by 1.0% over one month, after +0.1% in July. The prices of energy strongly bounced back (+6.6% after ‑2.0%), due to the increase in those of electricity (+8.0% after 0.0%) and petroleum products (+7.0% after +0.2%). The prices of manufactured products also rebounded (+1.5% after ‑2.3%), notably those of clothing and footwear (+6.1% after ‑10.9%), linked with the end of the summer sales. The prices of food accelerated slightly over a month (+0.3% after +0.1%), while those of services slowed down (+0.1% after +1.5%), notably due to decline of the prices of transports (‑3.9% after +11.0%).

Seasonally adjusted, consumer prices grew by 0.8% in August 2023, after 0.0% in June.

Year on year, consumer prices went up by 4.9% in August 2023, after +4.3% in July. This increase in inflation mostly resulted from the year-on-year rebound in energy prices (+6.8% after ‑3.7% in July). The inflation in tobacco was almost stable, compared to the previous month (+9.9% after +9.8%), while the prices of food (+11.2% after +12.7%), services (+3.0% after +3.1%) and manufactured products (+3.1% after +3.4%) slowed down.

Decline of core inflation year on year

Year on year, core inflation decreased, reaching +4.6% in August 2023, after +5.0% in July.

The Harmonised Index of Consumer Prices (HICP) increased by 1.1% over one month, after a stability in July; year on year, it increased by 5.7% in August 2023, after +5.1% in the previous month.

Consumer 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 ISJ CPI
2023-08 5.7 4.6 4.9
2023-07 5.1 5.0 4.3
2023-06 5.3 5.7 4.5
2023-05 6.0 5.8 5.1
2023-04 6.9 6.3 5.9
2023-03 6.7 6.2 5.7
2023-02 7.3 6.1 6.3
2023-01 7.0 5.6 6.0
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 3.3 4.8
2022-03 5.1 2.6 4.5
2022-02 4.2 2.5 3.6
2022-01 3.3 1.7 2.9
2021-12 3.4 1.9 2.8
2021-11 3.4 1.6 2.8
2021-10 3.2 1.4 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 0.4 0.6
2021-01 0.8 0.9 0.6
2020-12 0.0 0.2 0.0
2020-11 0.2 0.4 0.2
2020-10 0.1 0.3 0.0
2020-09 0.0 0.5 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 1.3 1.4
2020-01 1.7 0.9 1.5
2019-12 1.6 1.1 1.5
2019-11 1.2 0.9 1.0
2019-10 0.9 1.0 0.8
2019-09 1.1 0.9 0.9
2019-08 1.3 0.7 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 0.7 1.3
2019-03 1.3 0.5 1.1
2019-02 1.6 0.7 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 0.9 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 0.2 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

Consumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes

  • Source: INSEE

Slight rebound in energy prices year on year

Year on year, the prices of energy increased by 6.8% in August 2023, after ‑3.7% in July. The prices on electricity sharply accelerated (+18.0% after +9.4%), linked with the rise by 10% of the regulated tariffs of electricity applied since the 1st August 2023. After a strong decline in July, the prices of petroleum products fell barely year on year (‑0,3% after ‑13.9%). The decrease in prices thus softened for diesel (‑1.8% after ‑14.8%) and liquid fuel (‑12.7% after ‑29.2%), while the prices of petrol bounced back (+7.0% after ‑7.2%). The prices of gas also accelerated (+7.6% after +4.5%), and those of solid fuel slowed down (+14.7% after +22.9%).

The year-on-year slowdown in food prices went on

Year on year, food prices rose by 11.2% in August 2023, after +12.7% in July. For the fifth month in a row, they slowed down due to a “base effect”: month on month, they increased more moderately in August 2023 (+0.3%) than in August 2022 (+1.7%). Excluding fresh products, the year-on-year rise in food prices softened (+11.5% after +13.0%), notably for bread and cereals (+11.6% after +13.1%), meat (+9.0% after +10.6%), milk, cheese and eggs (+15.1% after +17.9%), oils and fats (+9.8% after +12.5%), sugar, jam, honey, chocolate and confectionery (+15.0% after +15.9%), alcoholic (+7.7% after +8.4%) and non-alcoholic beverages (+12.0% after +12.9%). The prices of fresh products also increased at a less marked rate in August 2023 (+9.4% after +10.6% in July), due to the slowdown in the prices of fresh fruits (+6.5% after +10.5%) and fresh fish (+1.7% after +2.0%). Contrariwise, those of fresh vegetables accelerated (+13.2% after +12.2%).

Detailed figures for various groups

2015:100
Detailed figures for various groups (2015:100)
Items Weight Index Percentage change
2023 August 2023 m-on-m change (2) y-on-y change (3)
a) All households
Overall 10000 118.89 1.0 4.9
Overall SA(1) 10000 118.20 0.8 4.6
Food 1624 131.29 0.3 11.2
Fresh food 238 150.32 0.8 9.4
Other food 1386 128.28 0.3 11.5
Tobacco 185 171.13 0.0 9.9
Manufactured products 2322 104.54 1.5 3.1
Clothing and footwear 341 102.08 6.1 2.2
Medical products 384 85.28 -0.1 -0.9
Other manufactured products 1597 110.09 1.0 4.3
Energy 857 157.99 6.6 6.8
of which petroleum products 432 155.65 7.0 -0.3
Services 5012 114.93 0.1 3.0
Rents, water and household refuse collection 744 108.13 0.1 3.0
Health services 639 101.40 -0.5 -0.4
Transport 301 132.86 -3.9 4.8
Communication 208 95.23 0.0 -6.1
Other services 3120 120.10 0.7 3.8
Total except rents and tobacco 9219 118.95 1.1 4.9
Total except tobacco 9815 118.00 1.0 4.8
b) Urban working-class households or households of employees
All products excluding tobacco 9718 116.94 1.0 4.6
c) Households in the first quintile of the living standards distribution
All products excluding tobacco 9700 117.76 1.0 5.0
  • (1) seasonally adjusted
  • (2) : [m/(m-1)]
  • (3) : [m/(m-12)]
  • Geographical coverage: France
  • Source : INSEE – Consumer Price Indices

Slight slowdown in service prices year on year

Year on year, service prices rose by 3.0% in August 2023, after +3.1% in July. The prices of transport services slowed down (+4.8% after +5.4%), notably those of transport by train (+4.9% after +6.5%) and by road (+3.7% after +4.4%), while airfares accelerated (+2.3% after +0.7%). The prices of “other services” slightly slowed down (+3.8% after +3.9%), notably those of catering services (+5.2% after +5.4%), of social protection (+4.2% after +4.5%) and of maintenance and repair of the dwelling (+5.0% after +5.3%) and personal transport equipment (+7.0% after +7.4%). Contrariwise, they accelerated for insurance services (+4.2% after +3.6%) and accommodation services (+2.1% after +2.0%). The prices of rents, water and household refuse collection slightly slowed down (+3.0% after +3.1%). Those of health services decreased at the same rate than in the previous month (‑0.4% over a year), as did those of communication services (‑6.1%).

Slight slowdown in manufactured product prices year on year

Year on year, manufactured product prices increased by 3.1% in August 2023, after +3.4% in July. Those of clothing and footwear slowed down (+2.2% after +3.4%), the seasonal month-on-month growth over a month being less significant in August 2023 than in August 2022, partly due to the extension of the summer sales (first scheduled for the 25 July 2023, the end of the sales had been postponed until the 1st August included). The prices of “other manufactured goods” also slowed down (+4.3% after +4.6%), notably those of furniture and furnishings (+3.2% after +4.2%), major household appliances (+1.1% after +1.5%), glassware, tableware and household utensils (+7.4% after +8.7%), non-durable household goods (+13.2% after +15.7%) and vehicles (+2.8% after +3.1%). Contrariwise, the prices of newspapers and periodicals accelerated (+6.3% after +5.6%), and the decrease of those of games, toys and hobbies softened (‑1,3% after ‑2.6%). Finally, the prices of health products decreased at a rate close to that of the previous month (‑0.9% over a year after ‑0.8%).

Detailed figures for Core inflation and HICP

2015:100
Detailed figures for Core inflation and HICP (2015:100)
Items Weight Index Percentage change
2023 August 2023 m-on-m change (1) y-on-y change (2)
Core inflation - All items 6057 114.58 0.2 4.6
Food excluding fresh products, meat, milk and exotic products 766 123.86 0.1 11.5
Manufactured products 1899 108.75 0.4 3.8
Services including actual rentals and services for dwellings 3392 116.07 -0.1 3.5
HICP - All items 10000 122.10 1.1 5.7
  • (1) : [m/(m-1)]
  • (2) : [m/(m-12)]
  • Source: INSEE - Consumer Price Indices

Revisions

Compared to the provisional estimates published on 31 August 2023, the month-on-month change in CPI has been revised upwards by 0.1 points. The year-on-year change in CPI and the month-on-month and year-on-year changes in HICP are confirmed.

For further information

Next publication of final results: 13 October 2023 at 8:45.

Pour en savoir plus

Next publication of final results: 13 October 2023 at 8:45.

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