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In August 2011, the consumer price index increased:+0.5%

Price index – August 2011

Monthly change: +0.5%; year–on–year: +2.2%

In August 2011, the consumer price index (CPI) increased by 0.5%, after a decrease by 0.4% in July. The year-on-year change was +2.2% in August.

The price index without tobacco increased also by 0.5% in August 2011 (+2.2% year-on-year).

Adjusted from seasonal variations, the monthly change increased by 0.4% (+2.2% year-on-year).

The growth of CPI of August resulted mainly from the increase of prices of manufactured products at the end of summer sales. It reflected also the growth, also seasonal, of prices of services linked with tourism. At last, prices of energy products were rising together because of the growth of electricity rates and also of the slightly increase of oil products. Those rises were reduced by the seasonal decrease of fresh products and by the decline, in August traditional, of prices of health services.

Increase of prices of manufactured products at the end of summer sales

In August 2011, prices of manufactured products increased by 1.6% (+1.0% in August 2010; —0.2% year-on-year). Prices of footwear and clothes rose by 9.8% (+6.0% in August 2010; —1.6% year-on-year).

Prices of food products went down slightly

Prices of food products went down slightly in August 2011 (—0.2%; +2.9% year-on-year). This weakness is essentially attributable to the seasonal decline of prices of fresh products (—3.6%; +0.4% year-on-year): —5.9% for fresh fruits (+3.0% year-on-year) and —3.3% for fresh vegetables (—3.4% year-on-year). Prices of food products except fresh products were increasing by 0.4% in August (+3.3% year-on-year), after a rise by 0.5% in July.

Consumer price index (IPC) and Core inflation (ISJ) – year-on-year changes

Consumer price index (IPC) and Core inflation (ISJ) – year-on-year changes

Source : Insee - indices des prix à la consommation

Slightly seasonal increase of prices of services

For seasonal reasons, prices of services increased in August 2011 (+0.1%; +1.8% year-on-year; +0.2% in August 2010).

Price of energy products were growing in August

In August 2011, prices of energy products were growing (+0.4%), after a steadiness in July. Year-on-year, they were increasing by 11.9%. In August 2011, the electricity rates increased (+1.4%; +7.7% year-on-year) and prices of oil products rose slightly (+0.1%; +15.5% year-on-year).

Rise of core-inflation

Core-inflation (ISJ) was rising in August 2011 (+0.4%). Year-on-year, the core-inflation indicator was increasing by 1.2% in August 2011.

The harmonised consumer price index (HCPI) went up by 0.6% (+2.4% year-on-year).

Informations Rapides

n° 220 - September 13, 2011

Consumer price index - August 2011

Next issue August 13, 2014 08:45 - July 2014

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