Informations Rapides · 15 January 2026 · n° 7

In December 2025, consumer prices increased by 0.1% over one month and rose by 0.8% year on year Consumer price index - final results - December 2025

In December 2025, the Consumer Price Index (CPI) increased slightly by 0.1% over one month, after ‑0.2% in November. This rise in prices was due to the increase of services prices (+0.4% after ‑0.5%) pushed by the seasonal rebound in those of transports (+7.3% after ‑5.4%) and, to a lesser extent, to the increase in food prices (+0.2% after stability). On the opposite, those of energy fell back (‑1.6% after +1.3%) due to the downturn in petroleum products prices (‑3.0% after +2.7%). The prices of manufactured products decreased again (‑0.3% after ‑0.1%), while those of tobacco were stable (after +0.1%).

Seasonally adjusted, consumer prices increased by 0.1% in December 2025 as in November.

Year on year, consumer prices went up by 0.8% in December 2025 after +0.9% in November. This slight fall in inflation was explained by a sharper fall in energy prices over a year (‑6.8% after ‑4.6%). Those of services slowed down slightly (+2.1% after +2.2%). Conversely, food prices accelerated (+1.7% after +1.4%) and those of manufactured products fell less sharply (‑0.4% after ‑0.6%). Finally, the prices of tobacco rose over a year at the same pace as in November (+4.1%).

Year on year, core inflation stood at +1.1% in December 2025, after +1.0% in November.

The Harmonised Index of Consumer Prices (HICP) increased by 0.1% over one month, after ‑0.2% in November. Year on year, it rose by 0.7% after +0.8% in November.

Year on year, the prices of energy fell by 6.8% in December 2025, after ‑4.6% in November.

The prices of petroleum products shrunk sharply (‑2.9% after +1.0%) mirroring those of diesel (‑2.9% after +2.6%) and those of petrol (‑3.3% after ‑0.9%).

Gas prices also fell back (‑0.7% after +1.8%).

Prices of electricity declined at a slightly stronger pace (‑14.2% after ‑14.0%).

Year on year, the prices of services rose by 2.1% in December 2025 after +2.2% in November.

The prices of health services slowed down over a year (+2.0% after +2.3%).

Those of rents, water and household refuse collection also slowed down (+2.5% after +2.7%).

The prices of “other services” rose over a year at the same pace as in November (+2.5%). Insurances prices slowed down (+4.3% after +6.3%). On the opposite, those of accommodation accelerated (+1.6% after +0.8%) as did those of diverse services related to private vehicles (+2.9% after +2.2%). The prices of recreational and cultural services accelerated slightly (+2.5% after +2.4%). Those of catering rose over a year at the same rate as the previous month (+2.1%), as did those of social protection (child care services, retirement homes for elderly persons and residences for disabled persons, services to maintain people in their private homes; +3.9%).

Over a year, communication services prices fell at a slower pace (‑0.4% after ‑1.6%) due to a slowdown in the decline in telephony and fax prices (‑1.0% after ‑2.3%).

Over a year, prices of transport also fell at a slower pace (‑1.1% after ‑1.5%) driven by the acceleration in those of transport by road (+3.1% after +0.6%) and, to a lesser extent, by a softer fall in those of airfares (‑4.0% after ‑5.2%). Those of transport by train, on the other hand, fell back (‑1.0% after +2.6%).

Year on year, the prices of food rose by 1.7% in December 2025 after +1.4% in November.

This acceleration was explained by a marked slowdonwn in fall in prices of fresh food over a year (‑0.4% after ‑2.8%), pushed by those of fresh vegetables (‑1.4% after ‑7.7%). The prices of fresh fruits were stable over a year (after ‑0.2%), while those of fresh fish accelerated slightly (+5.8% after +5.9%).

The prices of food excluding fresh products accelerated slightly (+2.0% after +1.9%) reflecting the rise in those of meat (+2.7% after +2.5%) and of bread and cereals (+0.9% after +0.7%). On the contrary, the prices of non-alcoholic beverages slowed down over a year (+9.2% after +9.5%). Those of milk, cheese and eggs rose at the same pace as in the previous month (+0.8%), as did those of sugar, jam, honey, chocolate and confectioneries (+5.3%) and those of alcoholic beverages (+0.3%).

Year on year, the prices of manufactured products fell by 0.4% in December 2025 after ‑0.6% in November.

The prices of “other manufactured products” fell at a slower pace (‑0.2% after ‑0.4%), driven by the slowdown in the decline in those of “other devices, articles and products for body care” (‑0.6% after ‑1.1%), by the acceleration in jewellery and watchmaking prices (+8.6% after +7.6%) and in those of furniture and furnishings (+0.5% after stability). The prices of vehicles rose over a year at the same rate as in the previous month (+0.1%).

Prices of clothing and footwear accelerated over a year (+0.4% after +0.2%).

Those of health products fell at a slightly lower pace (‑1.8% after ‑1.9%).

Compared to the provisional estimates published on 6 January 2026, CPI and HICP year-on-year and month-on-month changes have been confirmed.