12 December 2019
2019- n° 320In November 2019, consumer prices rose by 0.1% over one month and by 1.0% year on
year Consumer price index - final results - November 2019
- Monthly change: +0.1% in November; Year-on-year change: +1.0%
- Stability in core inflation year on year
- Acceleration in food and tobacco prices year on year
- Rise in services inflation
- Lesser drop in energy prices
- Little accentuation of the drop in manufactured products prices year on year
- Revisions
- For further information
Monthly change: +0.1% in November; Year-on-year change: +1.0%
In November 2019, the Consumer Prices Index (CPI) rose by 0.1% over a month, after a stability in October. This slight increase resulted from the sharp rise in tobacco prices (+6.0% after 0.0%) and a more moderate one in the prices of energy (+0.3% after 0.0%) and food (+0.1% after −0.4%). The drop in services prices was accentuated (−0.2% after −0.1%) and the prices of manufactured products slightly edged down (−0.1% after +0.3%).
Seasonally adjusted, consumer prices rose by 0.2% in November after a stability in October.
Year on year, consumer prices gathered pace after four consecutive months of slowdown: +1.0% after +0.8%. This rise in inflation came from a sharp acceleration in tobacco prices, an accentuated dynamism in those of food and services and a lesser drop in energy prices. Contrariwise, the prices of manufactured products dropped a little less than in the previous month.
Stability in core inflation year on year
Year on year, core inflation was stable in November: +1.0%, as in the previous month. The Harmonised Index of Consumer Prices (HICP) rose by 0.1% over a month, after −0.1% in October; year on year, it accelerated to +1.2%, after +0.9% 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 | |
---|---|---|---|
2014-01 | 0.8 | 0.2 | 0.6 |
2014-02 | 1.1 | 0.8 | 0.9 |
2014-03 | 0.8 | 0.5 | 0.6 |
2014-04 | 0.8 | 0.5 | 0.7 |
2014-05 | 0.8 | 0.3 | 0.7 |
2014-06 | 0.6 | 0.1 | 0.5 |
2014-07 | 0.6 | 0.1 | 0.5 |
2014-08 | 0.5 | 0.3 | 0.4 |
2014-09 | 0.4 | 0.1 | 0.3 |
2014-10 | 0.5 | 0.0 | 0.5 |
2014-11 | 0.4 | -0.2 | 0.3 |
2014-12 | 0.1 | -0.1 | 0.1 |
2015-01 | -0.4 | 0.1 | -0.4 |
2015-02 | -0.3 | 0.2 | -0.3 |
2015-03 | 0.0 | 0.2 | -0.1 |
2015-04 | 0.1 | 0.4 | 0.1 |
2015-05 | 0.3 | 0.5 | 0.3 |
2015-06 | 0.3 | 0.5 | 0.3 |
2015-07 | 0.2 | 0.6 | 0.2 |
2015-08 | 0.1 | 0.5 | 0.0 |
2015-09 | 0.1 | 0.6 | 0.0 |
2015-10 | 0.2 | 0.8 | 0.1 |
2015-11 | 0.1 | 0.9 | 0.0 |
2015-12 | 0.3 | 0.9 | 0.2 |
2016-01 | 0.3 | 0.9 | 0.2 |
2016-02 | -0.1 | 0.8 | -0.2 |
2016-03 | -0.1 | 0.7 | -0.1 |
2016-04 | -0.1 | 0.6 | -0.2 |
2016-05 | 0.1 | 0.6 | 0.0 |
2016-06 | 0.3 | 0.7 | 0.2 |
2016-07 | 0.4 | 0.5 | 0.2 |
2016-08 | 0.4 | 0.4 | 0.2 |
2016-09 | 0.5 | 0.7 | 0.4 |
2016-10 | 0.5 | 0.5 | 0.4 |
2016-11 | 0.7 | 0.6 | 0.5 |
2016-12 | 0.8 | 0.4 | 0.6 |
2017-01 | 1.6 | 0.6 | 1.3 |
2017-02 | 1.4 | 0.2 | 1.2 |
2017-03 | 1.4 | 0.3 | 1.1 |
2017-04 | 1.4 | 0.4 | 1.2 |
2017-05 | 0.9 | 0.3 | 0.8 |
2017-06 | 0.8 | 0.4 | 0.7 |
2017-07 | 0.8 | 0.5 | 0.7 |
2017-08 | 1.0 | 0.4 | 0.9 |
2017-09 | 1.1 | 0.4 | 1.0 |
2017-10 | 1.2 | 0.4 | 1.1 |
2017-11 | 1.2 | 0.5 | 1.2 |
2017-12 | 1.2 | 0.5 | 1.2 |
2018-01 | 1.5 | 0.9 | 1.3 |
2018-02 | 1.3 | 0.9 | 1.2 |
2018-03 | 1.7 | 0.9 | 1.6 |
2018-04 | 1.8 | 0.9 | 1.6 |
2018-05 | 2.3 | 1.0 | 2.0 |
2018-06 | 2.3 | 0.8 | 2.0 |
2018-07 | 2.6 | 0.9 | 2.3 |
2018-08 | 2.6 | 0.9 | 2.3 |
2018-09 | 2.5 | 0.7 | 2.2 |
2018-10 | 2.5 | 0.8 | 2.2 |
2018-11 | 2.2 | 0.7 | 1.9 |
2018-12 | 1.9 | 0.7 | 1.6 |
2019-01 | 1.4 | 0.7 | 1.2 |
2019-02 | 1.6 | 0.7 | 1.3 |
2019-03 | 1.3 | 0.5 | 1.1 |
2019-04 | 1.5 | 0.7 | 1.3 |
2019-05 | 1.1 | 0.5 | 0.9 |
2019-06 | 1.4 | 0.9 | 1.2 |
2019-07 | 1.3 | 0.9 | 1.1 |
2019-08 | 1.3 | 0.7 | 1.0 |
2019-09 | 1.1 | 0.9 | 0.9 |
2019-10 | 0.9 | 1.0 | 0.8 |
2019-11 | 1.2 | 1.0 | 1.0 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
Acceleration in food and tobacco prices year on year
In November 2019, food prices gathered pace to +2.1% year on year after +1.8% in October. Those of fresh products sharply rebounded (+2.3% year on year after −0.1%), due to a monthly lesser drop (−0.2%) than in November 2018 (−2.5%). The prices of fresh vegetables rebounded (+2.2% year on year after −3.7%). Excluding fresh products, food prices hardly slowed down (+2.0% year on year after +2.1%).
Tobacco prices sharply accelerated to +15.3% year on year after +8.8% due to a high tax rise.
tableauDetailed figures for various groups
Items | Weight | Index | Percentage change | |
---|---|---|---|---|
2019 | November 2019 | m-on-m change (2) | y-on-y change (3) | |
a) All households | ||||
Overall | 10000 | 104.52 | 0.1 | 1.0 |
Overall SA(1) | 10000 | 104.67 | 0.2 | 1.0 |
Food | 1619 | 106.28 | 0.1 | 2.1 |
Fresh food | 244 | 115.38 | -0.2 | 2.3 |
Other food | 1375 | 104.80 | 0.2 | 2.0 |
Tobacco | 191 | 138.11 | 6.0 | 15.3 |
Manufactured products | 2556 | 98.74 | -0.1 | -0.6 |
Clothing and footwear | 400 | 104.03 | -0.2 | -0.2 |
Medical products | 416 | 89.73 | 0.0 | -3.0 |
Other manufactured products | 1740 | 99.79 | -0.1 | -0.2 |
Energy | 804 | 115.84 | 0.3 | -0.6 |
Petroleum products | 425 | 120.53 | 0.0 | -1.9 |
Services | 4830 | 104.14 | -0.2 | 1.3 |
Actual rentals and services for dwellings | 746 | 101.71 | 0.1 | 0.8 |
Health services | 604 | 102.32 | 0.0 | 0.0 |
Transport | 285 | 99.30 | -2.6 | 2.1 |
Communication | 219 | 96.95 | 0.0 | 2.3 |
Other services | 2976 | 106.22 | -0.1 | 1.6 |
Total except rents and tobacco | 9208 | 104.12 | -0.1 | 0.7 |
Total except tobacco | 9809 | 103.92 | -0.1 | 0.8 |
b) Urban working-class households or households of employees | ||||
All products excluding tobacco | 9707 | 103.71 | 0.0 | 0.8 |
c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
All products excluding tobacco | 9700 | 103.55 | 0.0 | 0.7 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Champ : France hors Mayotte
- Source : Insee - indices des prix à la consommation
Rise in services inflation
Year on year, services prices were a little more dynamic than in October: +1.3% after +1.2%. The prices of transport services gathered pace, as in the previous month (+2.1% year on year after +1.6%), in the wake of combined passenger transport (+1.0% after +0.2%) and passenger transport by road (+4.0% after +2.0%) whereas airfares slowed down (+2.7% after +3.3%). The prices of communication services also rose more year on year (+2.3% after +0.9%): over a month, they were stable against a 1.4% drop in November 2018. The prices of housing-related services hardly accelerated (+0.8% after +0.7%). Those of health services were stable year on year, after −0.2% in October. Finally, the prices of “other services” increased at the same pace as in the previous month (+1.6%).
Lesser drop in energy prices
Year on year, energy prices fell less sharply than in October: −0.6% after −1.6%. The drop in the prices of petroleum products was attenuated in November (−1.9% year on year after −4.5%). Contrariwise, gas prices fell more than in the previous month (−10.2% year on year after −7.8%): the prices rebounded to +2.0%, but their rise was less marked than that in November 2018 (+4.8%).
Little accentuation of the drop in manufactured products prices year on year
Year on year, manufactured product prices dropped a little more in November than in October: −0.6% after −0.5%. This accentuated drop came from the downturn in clothing and footwear prices (−0.2% after +0.2%) and the little more marked drop in those of “other manufactured products” (−0.2% after −0.1%). Furniture prices fell back (−0.1% year on year after +0.8%) and the drop in games, toys and hobbies was attenuated (−1.2% after −3.3%). Finally, health product prices dropped by 3.0% year on year, as in the previous month.
tableauDetailed figures for Core inflation and HICP
Items | Weight | Index | Percentage change | |
---|---|---|---|---|
2019 | November 2019 | m-on-m change (1) | y-on-y change (2) | |
Core inflation - All items | 6048 | 102.99 | 0.0 | 1.0 |
Food excluding fresh products. meat. milk and exotic products | 740 | 103.30 | -0.1 | 1.4 |
Manufactured products | 2091 | 99.61 | -0.1 | -0.2 |
Services including actual rentals and services for dwellings | 3217 | 105.22 | 0.1 | 1.6 |
HICP - All items | 10000 | 105.27 | 0.1 | 1.2 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared with the provisional estimates published on November 29, 2019, the month-on-month and year-on-year changes in the CPI and in the HICP were confirmed.
For further information
Next publication of provisional results: le 3 January 2020 à 8h45
Next publication of final results: le 15 January 2020 à 8h45
Pour en savoir plus
Next publication of provisional results: le 3 January 2020 à 8h45
Next publication of final results: le 15 January 2020 à 8h45