Informations Rapides ·
12 January 2024 · n° 6
In December 2023, consumer prices increased by 0.1% over one month and by 3.7% year
on year Consumer price index - final results - December 2023
- Monthly change: +0.1% in December; year-on-year change: +3.7%
- Slight decline of core inflation year on year
- Acceleration in energy prices year on year
- Acceleration in service prices year on year
- Year on year, manufactured product prices slowed down again
- The year-on-year slowdown in food prices went on
- Revisions
- For further information
Monthly change: +0.1% in December; year-on-year change: +3.7%
In December 2023, the Consumer Price Index (CPI) bounced back slightly over one month: +0.1%, after ‑0.2% in November. This increase is mainly due to the rebound in the prices of services (+0.6% after ‑0.3%), notably those of transport (+6.0% after ‑5.9%). The prices of food and of tobacco were stable over one month (after +0.4% and 0.0% in November respectively). Those of manufactured products decreased (‑0.3% after 0.0%), as did those of energy (‑1.2% after ‑1.1%), notably those of petroleum products (‑3.4% after ‑2.8%).
Seasonally adjusted, consumer prices rose by 0.3% over a month in December 2023, after ‑0.1% in November.
Year on year, consumer prices went up by 3.7% in December 2023, after +3.5% in November. This increase of inflation resulted from the year-on-year acceleration in the prices of energy (+5.7% after +3.1%) and of services (+3.1% after +2.8%), while those of manufactured products (+1.4% after +1.9%) and food (+7.2% after +7.7%) slowed down.
Slight decline of core inflation year on year
Year on year, core inflation decreased again, reaching +3.4% in December 2023, after +3.6% in November.
The Harmonised Index of Consumer Prices (HICP) bounced back slightly over one month (+0.1% after ‑0.2% in November); year on year, it increased by 4.1% in December 2023, after +3.9% in the previous month.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | ISJ | CPI | |
|---|---|---|---|
| 2023-12 | 4.1 | 3.4 | 3.7 |
| 2023-11 | 3.9 | 3.6 | 3.5 |
| 2023-10 | 4.5 | 4.2 | 4.0 |
| 2023-09 | 5.7 | 4.6 | 4.9 |
| 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 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
- Source: INSEE
Acceleration in energy prices year on year
Year on year, the prices of energy rose by 5.7% in December 2023, after +3.1% in November. The prices of petroleum products rebounded slightly (+0.5% after ‑1.4%), mainly due to base effects (the month-on-month decrease is less sharp in December 2023 than in December 2022). Year on year, the prices decreased less than in the previous month for diesel (‑1.1% after ‑2.5%) and liquid fuel (‑8.8% after ‑15,1%), while they increased at a more moderate rate for petrol (+6.8% after +7.5%). The prices of gas also bounced back moderately (+0.9% after ‑3.7%), and those of electricity accelerated (+18.9% after +16.1%). Finally, the decrease in the prices of solid fuel softened slightly (‑12.4% after ‑12.9%).
Acceleration in service prices year on year
Year on year, service prices increased by 3.1% in December 2023, after +2.8% in November. The prices of transport bounced back (+2.1% after ‑1.4%), notably those of transport by road (+4.2% after ‑1.4%), while those of transport by train slowed down (+1.0% after +3.6%) and airfares were stable over a year (after +0.1%). The prices of rents, water and household refuse collection accelerated (+2.8% after +2.6%), as did those of health services (+0.6% after +0.4%), while the decrease in those of communication services softened (‑3.1% after ‑4.8%). Contrariwise, the prices of “other services” slowed down a little (+4.2% after +4.3%), notably those of accommodation services (+1.6% after +3.4%), catering (+4.7% after +4.8%), social protection (+4.3% after +4.5%) and maintenance and repair of the dwelling (+4.3% after +4.5%) and of private vehicles (+7.0% after +7.1%), while those of insurance services accelerated (+3.9% after +3.5%).
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2023 | December 2023 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 118.39 | 0.1 | 3.7 |
| Overall SA(1) | 10000 | 118.63 | 0.3 | 3.7 |
| Food | 1624 | 131.52 | 0.0 | 7.2 |
| Fresh food | 238 | 154.41 | 0.9 | 8.8 |
| Other food | 1386 | 127.95 | -0.1 | 6.9 |
| Tobacco | 185 | 171.16 | 0.0 | 9.8 |
| Manufactured products | 2322 | 105.17 | -0.3 | 1.4 |
| Clothing and footwear | 341 | 108.22 | -0.3 | 1.1 |
| Medical products | 384 | 85.33 | -0.1 | -0.9 |
| Other manufactured products | 1597 | 109.70 | -0.3 | 2.0 |
| Energy | 857 | 156.66 | -1.2 | 5.7 |
| of which petroleum products | 432 | 148.24 | -3.4 | 0.5 |
| Services | 5012 | 113.76 | 0.6 | 3.1 |
| Rents, water and household refuse collection | 744 | 109.01 | 0.1 | 2.8 |
| Health services | 639 | 103.21 | 0.3 | 0.6 |
| Transport | 301 | 122.01 | 6.0 | 2.1 |
| Communication | 208 | 96.15 | 1.8 | -3.1 |
| Other services | 3120 | 118.46 | 0.2 | 4.2 |
| Total except rents and tobacco | 9219 | 118.38 | 0.1 | 3.7 |
| Total except tobacco | 9815 | 117.50 | 0.1 | 3.6 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9718 | 116.82 | 0.1 | 3.6 |
| c) Households in the first quintile of the living standards distribution | ||||
| All products excluding tobacco | 9700 | 117.61 | 0.2 | 3.7 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France
- Source : INSEE – Consumer Price Indices
Year on year, manufactured product prices slowed down again
Year on year, the prices of manufactured products increased by 1.4% in December 2023, after +1.9% in November. The prices of “other manufactured products” slowed down (+2.0% after +2.5%), notably those of vehicles (+0.3% after +1.0%), non-durable household goods (+5.1% after +6.7%), glassware, tableware and household utensils (+5.2% after +5.7%) and furniture and furnishings (+2.3% after +2.7%), while the decline in those of major household appliances accentuated slightly (‑1.2% after ‑1.0%). Contrariwise, the decrease in the prices of games, toys and hobbies softened (‑2.5% after ‑2.8%). The prices of clothing and footwear slowed down (+1.1% after +1.8%). Those of health products decreased year on year slightly more than in the previous month (‑0.9% after ‑0.8%).
The year-on-year slowdown in food prices went on
Year on year, food prices rose by 7.2% in December 2023, after +7.7% in November. They thus slowed down for the ninth month in a row. Excluding fresh products, the year-on-year rise in food prices softened (+6.9% after +7.9%), notably for bread and cereals (+7.5% after +8.5%), meat (+4.6% after +5.5%), milk, cheese and eggs (+8.4% after +9.8%), oils and fats (+4.1% after +5.2%), sugar, jam, honey, chocolate and confectionery (+10.5% after +11.4%), alcoholic (+5.5% after +6.0%) and non-alcoholic beverages (+7.9% after +8.6%). Contrariwise, the prices of fresh products accelerated year on year (+8.8% after +6.6%), notably those of fresh fruits (+7.6% after +5.2%) and fresh vegetables (+13.5% after +8.4%), while those of fresh fish fell back slightly year on year (‑0.6% after +3.1%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2023 | December 2023 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 6057 | 114.75 | 0.1 | 3.4 |
| Food excluding fresh products, meat, milk and exotic products | 766 | 123.70 | -0.1 | 7.3 |
| Manufactured products | 1899 | 108.28 | -0.2 | 1.7 |
| Services including actual rentals and services for dwellings | 3392 | 116.68 | 0.3 | 3.4 |
| HICP - All items | 10000 | 121.49 | 0.1 | 4.1 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared to the provisional estimates published on 4 January 2024, the month-on-month and year-on-year changes in CPI and HICP are confirmed (after rounding).
For further information
Next publication of final results: 16 February 2024 at 8:45 am.
Documentation
CPI: methodological changes for 2023 (pdf,188 Ko)
Abbreviated Methodology (pdf,131 Ko)
Pour en savoir plus
Next publication of final results: 16 February 2024 at 8:45 am.