28 August 2020

2020- n° 218
In August 2020, consumer prices increased by 0.2% year on year Consumer price index - provisional results - August 2020

Informations rapides

N^o 218

Paru le :Paru le28/08/2020

Prochaine parution le : 30/04/2024 at 08:45 - April 2024

Warning

These provisional results are only preliminary data. Accordingly, they should not be used for contractual revaluations. The indices published here are based on a limited set of price observations and from estimates of some rates of change for fares which are not yet available. The complete results will be published on 15 September 2020.

Moreover, the health crisis due to the Covid-19 impacts the quality of the data: price collection on the field was adjourned from the 16th of March to the 15th of June; on the other hand, certain products were unavailable for sale. However, in August, as in July, only 1% of CPI basket is therefore imputed due to the health crisis, after one quarter in June.

Additional information is available in “For further information”.

Consult
Documentation

Consultation de la publication ou de la documentation qui lui est associée

Over a year, the Consumer Price Index (CPI) should rise by 0.2% in August 2020, after +0.8% in the previous month, according to the provisional estimate made at the end of the month. This drop in inflation should result from a downturn in manufactured products, linked to the postponed summer sales, and a slowdown in food prices. Contrariwise, energy prices should fall less year on year than in July. Finally, the prices of services and tobacco should rise, year on year, as the same rate as in the previous month.

Over one month, consumer prices should edge down by 0.1%, after +0.4% in the previous month.

Manufactured product prices should drop sharply, after a stability in the previous month. Those of energy and services should slow down and those of tobacco should be stable. Finally, food prices should rebound slightly in the wake of fresh product prices, after a sharp drop in the previous month.

Year on year, the Harmonised Index of Consumer Prices should slow down, to +0.2%, after +0.9% in July. Over one month, it should edge down by 0.1%, after +0.4% in the previous month.

tableauConsumer Price Indices

Year-on-year change %; 2015: 100

Consumer Price Indices (Year-on-year change %; 2015: 100)
	Weight 2020	August 2019	July 2020	August 2020 (p)
CPI - All items*	10000	1.0	0.8	0.2
Food	1610	3.1	1.1	0.8
- Fresh food	230	8.5	2.2	1.3
- Other food products	1380	2.2	0.9	0.7
Tobacco	205	8.7	13.8	13.8
Energy	808	0.8	-7.4	-7.1
Manufactured products	2491	-0.9	1.8	-0.2
Services	4886	1.1	0.9	0.9
HICP** - All items	10000	1.3	0.9	0.2

(p) provisional results
*: Consumer Price Indices
**: Harmonised Index of Consumer Prices

Graphique
Tableau

Affichage de l’onglet contenant le tableau ou de l’onglet contenant le graphique

tableauVariations in the consumer price index

Variations in the consumer price index
	12-month-rate	1-month-rate
2017-01	1.3	-0.2
2017-02	1.2	0.1
2017-03	1.1	0.6
2017-04	1.2	0.1
2017-05	0.8	0.0
2017-06	0.7	0.0
2017-07	0.7	-0.3
2017-08	0.9	0.5
2017-09	1.0	-0.2
2017-10	1.1	0.1
2017-11	1.2	0.1
2017-12	1.2	0.3
2018-01	1.3	-0.1
2018-02	1.2	0.0
2018-03	1.6	1.0
2018-04	1.6	0.2
2018-05	2.0	0.4
2018-06	2.0	0.0
2018-07	2.3	-0.1
2018-08	2.3	0.5
2018-09	2.2	-0.2
2018-10	2.2	0.1
2018-11	1.9	-0.2
2018-12	1.6	0.0
2019-01	1.2	-0.4
2019-02	1.3	0.0
2019-03	1.1	0.8
2019-04	1.3	0.3
2019-05	0.9	0.1
2019-06	1.2	0.2
2019-07	1.1	-0.2
2019-08	1.0	0.5
2019-09	0.9	-0.3
2019-10	0.8	0.0
2019-11	1.0	0.1
2019-12	1.5	0.4
2020-01	1.5	-0.4
2020-02	1.4	0.0
2020-03	0.7	0.1
2020-04	0.3	0.0
2020-05	0.4	0.1
2020-06	0.2	0.1
2020-07	0.8	0.4
2020-08	0.2	-0.1

graphiqueVariations in the consumer price index

Chargement en cours — Geographical coverage: France excluding Mayotte.

*Source: INSEE - Consumer Price Indices.*

For further information

The CPI is calculated using scanner data, prices collected by INSEE collectors in physical outlets and a centralized collection (online collect, administrative data).

The price collection carried out by collectors on the field (about 40% in the CPI) was suspended from the 16th of March and the 15th of June. Despite the introduction of new collection methods (price collection on the Internet, telephone collection, increased use of cash register data), the quality of the April, May and June indices (and to a lesser extent March) was affected. In addition, few products were still unavailable for sale in August. These missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines.

For further information: https://insee.fr/en/statistiques/4647815#documentation

Definition

The Harmonised Index of Consumer Prices (HICP) is designed for comparison of consumer price inflation between Members States of the European Union. It is computed for all households in France except Mayotte.

Publication of final results: 15 September 2020 at 8:45 am

Next publication: 30 September 2020 at 8:45 am

Documentation

Abbreviated Methodology (pdf,131 Ko)

How to compute a Consumer Price Index in the context of the Covid-19 crisis ? Provisional estimate-August 2020 (pdf,120 Ko)

Consumer Price Index

Using scanner data from 2020 on : Impact on the CPI (pdf,216 Ko)

CPI : methodological changes for 2020 (pdf,139 Ko)

Impact des données de caisse sur les indices détaillés - 2019 - tableaux (xls,805 Ko)

Impact des données de caisse sur les indices des regroupements conjoncturels -2019-tableaux (xls,98 Ko)

Pour en savoir plus