Informations Rapides ·
12 July 2024 · n° 173
In June 2024, consumer prices increased by 0.1% over one month and by 2.2% year on
year Consumer price index - final results - June 2024
- Monthly change: +0.1% in June; year-on-year change: +2.2%
- Slight increase in core inflation year on year
- Slowdown in prices of energy year on year
- Food prices slowed down again year-on-year
- Slight increase of inflation in service prices over a year
- Year on year, manufactured product prices were still stable
- Revisions
- For further information
Monthly change: +0.1% in June; year-on-year change: +2.2%
In June 2024, the Consumer Price Index (CPI) increased by 0.1% over one month after 0.0% in May. This virtual stability in prices is the result of the rising in prices of services (+0.3% after +0.1%) and in prices of manufactured products (+0.1% after +0.1%), which was largely offset by a fall in prices of energy (‑0.8% after ‑1.2%), mainly those of petroleum products (‑1.9% after ‑2.4%), and of food (‑0.2% after +0.4%). Over one month the prices of tobacco were stable as in May.
Seasonally adjusted, consumer prices were stable in June 2024, as in May.
Year on year, consumer prices went up by 2.2% in June 2024, after +2.3% in May. This slight decrease of inflation resulted from the year-on-year slowdown in prices of energy (+4.8% after +5.7%) due to the petroleum products (+0.7% after +2.9%), and also in prices of food (+0.8% after +1.3%). Conversely, the prices of services accelerated slightly (+2.9% after +2.8%), while those of manufactured products (0.0% after 0.0%) and tobacco (+8.7% after +8.7%) evolved over a year at the same rate as in May.
Slight increase in core inflation year on year
Year on year, core inflation increased slightly, reaching +1.8% in June 2024, after +1.7% in May.
The Harmonised Index of Consumer Prices (HICP) increased by 0.2% over one month after +0.1% in May. Year on year, it increased by 2.5% in June 2024, after +2.6% in May.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | CPI | ISJ | |
|---|---|---|---|
| 2024-06 | 2.54 | 2.2 | 1.8 |
| 2024-05 | 2.59 | 2.3 | 1.7 |
| 2024-04 | 2.37 | 2.2 | 1.9 |
| 2024-03 | 2.41 | 2.3 | 2.2 |
| 2024-02 | 3.21 | 3.0 | 2.6 |
| 2024-01 | 3.4 | 3.1 | 3.0 |
| 2023-12 | 4.1 | 3.7 | 3.4 |
| 2023-11 | 3.9 | 3.5 | 3.4 |
| 2023-10 | 4.5 | 4.0 | 4.2 |
| 2023-09 | 5.7 | 4.9 | 4.6 |
| 2023-08 | 5.7 | 4.9 | 5.0 |
| 2023-07 | 5.1 | 4.3 | 5.5 |
| 2023-06 | 5.3 | 4.5 | 5.7 |
| 2023-05 | 6.0 | 5.1 | 5.7 |
| 2023-04 | 6.9 | 5.9 | 6.2 |
| 2023-03 | 6.7 | 5.7 | 6.0 |
| 2023-02 | 7.3 | 6.3 | 5.8 |
| 2023-01 | 7.0 | 6.0 | 5.5 |
| 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 | 4.6 |
| 2022-08 | 6.6 | 5.9 | 4.8 |
| 2022-07 | 6.8 | 6.1 | 4.3 |
| 2022-06 | 6.5 | 5.8 | 3.7 |
| 2022-05 | 5.8 | 5.2 | 3.6 |
| 2022-04 | 5.4 | 4.8 | 3.2 |
| 2022-03 | 5.1 | 4.5 | 2.5 |
| 2022-02 | 4.2 | 3.6 | 2.4 |
| 2022-01 | 3.3 | 2.9 | 1.6 |
| 2021-12 | 3.4 | 2.8 | 2.0 |
| 2021-11 | 3.4 | 2.8 | 1.8 |
| 2021-10 | 3.2 | 2.6 | 1.5 |
| 2021-09 | 2.7 | 2.2 | 1.4 |
| 2021-08 | 2.4 | 1.9 | 1.0 |
| 2021-07 | 1.5 | 1.2 | 0.0 |
| 2021-06 | 1.9 | 1.5 | 1.1 |
| 2021-05 | 1.8 | 1.4 | 0.9 |
| 2021-04 | 1.6 | 1.2 | 1.0 |
| 2021-03 | 1.4 | 1.1 | 1.0 |
| 2021-02 | 0.8 | 0.6 | 0.5 |
| 2021-01 | 0.8 | 0.6 | 1.1 |
| 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 | 0.4 |
| 2020-07 | 0.9 | 0.8 | 1.3 |
| 2020-06 | 0.2 | 0.2 | 0.3 |
| 2020-05 | 0.4 | 0.4 | 0.5 |
| 2020-04 | 0.4 | 0.3 | 0.2 |
| 2020-03 | 0.8 | 0.7 | 0.7 |
| 2020-02 | 1.6 | 1.4 | 1.4 |
| 2020-01 | 1.7 | 1.5 | 1.0 |
| 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 | 0.8 |
| 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 | 0.6 |
| 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 | 0.5 |
| 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 | -0.1 |
| 2014-10 | 0.5 | 0.5 | 0.0 |
| 2014-09 | 0.4 | 0.3 | 0.0 |
| 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 | 0.4 |
| 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 prices of energy year on year
Year on year, the prices of energy rose by 4.8% in June 2024, after +5.7% in May.
This year-on-year slowdown is due to the slowdown in petroleum product prices (+0.7% after +2.9%), marked by the decline in petrol prices (-1.3% after +1.8%) and the slowdown in diesel prices (+0.6% after +2.5%) and liquid fuel prices (+5.5% after +7.4%).
The prices of electricity slowed down slightly over a year (+19.4% after +19.5%) while those of gas (‑10.8% after ‑12.9%) and solid fuel (‑9.1% after ‑9.8%) decreased at a softer rate than in May.
Food prices slowed down again year-on-year
Year on year, food prices rose by 0.8% in June 2024, after +1.3% in May.
The prices of fresh products slowed down over one year (+2.1% after +3.5%) due to the slowdown of those of fresh vegetables (+1.6% after +3.1%), fresh fish (+2.3% after +3.0%) and fresh fruits (+1.0% after +2.5%).
Excluding fresh products, the year-on-year rise in food prices softened again (+0.6% after +0.9%) notably for bread and cereals (+0.7% after +0.9%), meat (0.0% after +0.1%), milk, cheese and eggs (+0.5% after +0.8%), oils and fats (+3.0% after +3.3%), sugar, jam, honey, chocolate and confectionery (+1.3% after +1.4%), alcoholic (+1.0% after +1.6%) and non-alcoholic beverages (+1.1% after +1.8%).
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2024 | June 2024 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10,000 | 120.20 | 0.1 | 2.2 |
| Overall SA(1) | 10,000 | 119.76 | 0,0 | 2.2 |
| Food | 1,507 | 131.79 | -0.2 | 0.8 |
| Fresh food | 185 | 154.53 | -1.3 | 2.1 |
| Other food | 1,322 | 128.23 | 0,0 | 0.6 |
| Tobacco | 177 | 186.03 | 0,0 | 8.7 |
| Manufactured products | 2,324 | 105.48 | 0.1 | 0,0 |
| Clothing and footwear | 347 | 108.76 | 0.4 | 0.6 |
| Medical products | 398 | 84.61 | 0,0 | -1.1 |
| Other manufactured products | 1,579 | 110.29 | 0.1 | 0.1 |
| Energy | 832 | 158.52 | -0.8 | 4.8 |
| of which petroleum products | 430 | 146.17 | -1.9 | 0.7 |
| Services | 5,160 | 116.35 | 0.3 | 2.9 |
| Rents, water and household refuse collection | 796 | 110.92 | 0,0 | 2.7 |
| Health services | 617 | 102.73 | -0.6 | 1.0 |
| Transport | 293 | 125.33 | 2,0 | 0.6 |
| Communication | 204 | 91.93 | -1.5 | -5.4 |
| Other services | 3,250 | 122.36 | 0.4 | 4.0 |
| Total except rents and tobacco | 9,181 | 120,00 | 0.1 | 2.0 |
| Total except tobacco | 9,823 | 119.14 | 0.1 | 2.0 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9,731 | 118.24 | 0.0 | 1.9 |
| c) Households in the first quintile of the living standards distribution | ||||
| All products excluding tobacco | 9,712 | 119.03 | 0.0 | 2.0 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France
- Source : INSEE – Consumer Price Indices
Slight increase of inflation in service prices over a year
Year on year, service prices increased by 2.9% in June 2024, after +2.8% in May.
The prices of transport accelerated over one year (+0.6% after +0.2%): those of transport by road accelerated strongly (+3.3% after +0.1%), while the prices of transport by train slowed down (+2.1% after +2.4%) and those of airfares fell more over the year than in the previous month (‑1.7% after ‑0.2%).
Year on year, the prices of “other services” accelerated slightly (+4.0% after +3.9%) like those of cultural and recreational services (+5.2% after +4.4%), maintenance and repair of private vehicles services (+5.5% after +5.3%) and insurance services (+7.9% after +7.8%). Conversely, the prices of accommodation services (+2.5% after +2.9%), social protection (+3.5% after +3.6%) and catering (+2.9% after +3.1%) slowed down.
The prices of communications services decreased over one year at a soften pace than in May (‑5.4% after ‑6.8%); those of rents, water and household refuse collection rose by 2.7% as the previous month.
Year on year, the prices of health services slowed down (+1.0% after +1.6%).
Year on year, manufactured product prices were still stable
Year on year, the prices of manufactured products were stable in June 2024, as in May.
The prices of clothing and footwear rose at the same rate as in May (+0.6%).
The prices of “other manufactured products” slowed down slightly over one year (+0.1% after +0.2%) as a result of both the accelerated fall of prices of non-durable household goods (‑1.5% after ‑0.7%), major household appliances (‑2.8% after ‑2.7%) and games, toys and hobbies (‑2.0% after ‑1.3%), and the deceleration of those of glassware, tableware and household utensils (+0.4% after +0.6%). The prices of newspapers and periodicals (+2.6%) and furniture and furnishings (‑0.4%) evolved at the same pace than the previous month, while those of vehicles (+0.7% after +0.2%) and equipment for sport (+0.7% after +0.6%) accelerated.
Finally, the prices of health products decreased at a slower pace than in the previous month (‑1.1% after ‑1.2%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2024 | June 2024 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 6,273 | 116.16 | 0.4 | 1.8 |
| Food excluding fresh products, meat, milk and exotic products | 779 | 123.76 | 0.1 | 0.4 |
| Manufactured products | 1,879 | 108.53 | 0.2 | 0.0 |
| Services including actual rentals and services for dwellings | 3,615 | 119.14 | 0.5 | 3.0 |
| HICP - All items | 10,000 | 123.78 | 0.2 | 2.5 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Geographical coverage: France – Source: INSEE - Consumer Price Indices
Revisions
Compared to the provisional estimates published on 28 June 2024, the year-on-year change in CPI has been revised upwards by 0.1 points and its month-on-month change has been confirmed. The month-on-month changes in HICP has been revised upwards by 0.1 points and its year-on-year change has been confirmed.
For further information
Next publication of preliminary results: 31 July 2024 at 8:45 am.
Next publication of final results: 14 August 2024 at 8:45 am.
Documentation
CPI: methodological changes for 2024 (pdf,111 Ko)
Abbreviated Methodology (pdf,131 Ko)
Pour en savoir plus
Next publication of preliminary results: 31 July 2024 at 8:45 am.
Next publication of final results: 14 August 2024 at 8:45 am.