Informations Rapides ·
15 September 2021 · n° 234
In August 2021, consumer prices rose by 0.6% over one month and by 1.9% year on year Consumer price index - final results - August 2021
- Monthly change: +0.6% in August; year-on-year change: +1.9%
- Increase in core inflation year on year
- Rebound in the prices of manufactured goods
- Acceleration in food prices
- Maintained dynamism in energy prices year on year
- Slight increase in service prices year on year
- Revisions
- For further information
Monthly change: +0.6% in August; year-on-year change: +1.9%
In August 2021, the Consumer Price Index (CPI) rose by 0.6% over one month, after +0.1% in July. The prices of manufactured goods rebounded sharply (+1.1% after −1.8%) linked to the end of summer sales. The prices of food accelerated (+0.7% after +0.1%) and those of tobacco were stable after a decrease in the previous month. The prices of services (+0.4% after +0.7%) and those of energy (+0.6% after +2.2%) slowed down.
Seasonally adjusted, consumer prices rose by 0.4% in August, as in July.
Year on year, consumer prices grew by 1.9%, after +1.2% in July. This increase in inflation resulted from the rebound in manufactured good prices (+1.1% after −1.1%). The prices of food (+1.3% after +0.9%) and those of energy (+12.7% after +12.3%) accelerated. The prices of services increased slightly (+0.7% after +0.6%). The increase in tobacco prices maintained at the same level as in the last month (+5.1%).
Increase in core inflation year on year
Year on year, core inflation grew in August, up to +1.5%, after +0.4% in July. The Harmonised Index of Consumer Prices (HICP) rose by 0.7% over one month after +0.1% in the previous month; year on year, it increased by 2.4%, after +1.5% in July.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | CPI | ISJ | |
|---|---|---|---|
| 2014-01 | 0.8 | 0.6 | 0.2 |
| 2014-02 | 1.1 | 0.9 | 0.8 |
| 2014-03 | 0.8 | 0.6 | 0.5 |
| 2014-04 | 0.8 | 0.7 | 0.5 |
| 2014-05 | 0.8 | 0.7 | 0.3 |
| 2014-06 | 0.6 | 0.5 | 0.1 |
| 2014-07 | 0.6 | 0.5 | 0.1 |
| 2014-08 | 0.5 | 0.4 | 0.3 |
| 2014-09 | 0.4 | 0.3 | 0.1 |
| 2014-10 | 0.5 | 0.5 | 0.0 |
| 2014-11 | 0.4 | 0.3 | -0.2 |
| 2014-12 | 0.1 | 0.1 | -0.1 |
| 2015-01 | -0.4 | -0.4 | 0.1 |
| 2015-02 | -0.3 | -0.3 | 0.2 |
| 2015-03 | 0.0 | -0.1 | 0.2 |
| 2015-04 | 0.1 | 0.1 | 0.4 |
| 2015-05 | 0.3 | 0.3 | 0.5 |
| 2015-06 | 0.3 | 0.3 | 0.6 |
| 2015-07 | 0.2 | 0.2 | 0.6 |
| 2015-08 | 0.1 | 0.0 | 0.5 |
| 2015-09 | 0.1 | 0.0 | 0.6 |
| 2015-10 | 0.2 | 0.1 | 0.8 |
| 2015-11 | 0.1 | 0.0 | 0.9 |
| 2015-12 | 0.3 | 0.2 | 1.0 |
| 2016-01 | 0.3 | 0.2 | 0.9 |
| 2016-02 | -0.1 | -0.2 | 0.7 |
| 2016-03 | -0.1 | -0.1 | 0.7 |
| 2016-04 | -0.1 | -0.2 | 0.6 |
| 2016-05 | 0.1 | 0.0 | 0.7 |
| 2016-06 | 0.3 | 0.2 | 0.7 |
| 2016-07 | 0.4 | 0.2 | 0.5 |
| 2016-08 | 0.4 | 0.2 | 0.4 |
| 2016-09 | 0.5 | 0.4 | 0.7 |
| 2016-10 | 0.5 | 0.4 | 0.5 |
| 2016-11 | 0.7 | 0.5 | 0.6 |
| 2016-12 | 0.8 | 0.6 | 0.4 |
| 2017-01 | 1.6 | 1.3 | 0.6 |
| 2017-02 | 1.4 | 1.2 | 0.1 |
| 2017-03 | 1.4 | 1.1 | 0.4 |
| 2017-04 | 1.4 | 1.2 | 0.5 |
| 2017-05 | 0.9 | 0.8 | 0.4 |
| 2017-06 | 0.8 | 0.7 | 0.4 |
| 2017-07 | 0.8 | 0.7 | 0.5 |
| 2017-08 | 1.0 | 0.9 | 0.5 |
| 2017-09 | 1.1 | 1.0 | 0.5 |
| 2017-10 | 1.2 | 1.1 | 0.5 |
| 2017-11 | 1.2 | 1.2 | 0.5 |
| 2017-12 | 1.2 | 1.2 | 0.6 |
| 2018-01 | 1.5 | 1.3 | 0.8 |
| 2018-02 | 1.3 | 1.2 | 0.7 |
| 2018-03 | 1.7 | 1.6 | 0.9 |
| 2018-04 | 1.8 | 1.6 | 0.8 |
| 2018-05 | 2.3 | 2.0 | 1.0 |
| 2018-06 | 2.3 | 2.0 | 0.8 |
| 2018-07 | 2.6 | 2.3 | 0.8 |
| 2018-08 | 2.6 | 2.3 | 0.9 |
| 2018-09 | 2.5 | 2.2 | 0.7 |
| 2018-10 | 2.5 | 2.2 | 0.8 |
| 2018-11 | 2.2 | 1.9 | 0.7 |
| 2018-12 | 1.9 | 1.6 | 0.7 |
| 2019-01 | 1.4 | 1.2 | 0.6 |
| 2019-02 | 1.6 | 1.3 | 0.6 |
| 2019-03 | 1.3 | 1.1 | 0.5 |
| 2019-04 | 1.5 | 1.3 | 0.7 |
| 2019-05 | 1.1 | 0.9 | 0.5 |
| 2019-06 | 1.4 | 1.2 | 0.9 |
| 2019-07 | 1.3 | 1.1 | 0.8 |
| 2019-08 | 1.3 | 1.0 | 0.7 |
| 2019-09 | 1.1 | 0.9 | 0.9 |
| 2019-10 | 0.9 | 0.8 | 0.9 |
| 2019-11 | 1.2 | 1.0 | 0.9 |
| 2019-12 | 1.6 | 1.5 | 1.0 |
| 2020-01 | 1.7 | 1.5 | 1.0 |
| 2020-02 | 1.6 | 1.4 | 1.3 |
| 2020-03 | 0.8 | 0.7 | 0.8 |
| 2020-04 | 0.4 | 0.3 | 0.3 |
| 2020-05 | 0.4 | 0.4 | 0.6 |
| 2020-06 | 0.2 | 0.2 | 0.3 |
| 2020-07 | 0.9 | 0.8 | 1.3 |
| 2020-08 | 0.2 | 0.2 | 0.5 |
| 2020-09 | 0.0 | 0.0 | 0.5 |
| 2020-10 | 0.1 | 0.0 | 0.3 |
| 2020-11 | 0.2 | 0.2 | 0.4 |
| 2020-12 | 0.0 | 0.0 | 0.1 |
| 2021-01 | 0.8 | 0.6 | 1.0 |
| 2021-02 | 0.8 | 0.6 | 0.6 |
| 2021-03 | 1.4 | 1.1 | 0.8 |
| 2021-04 | 1.6 | 1.2 | 1.0 |
| 2021-05 | 1.8 | 1.4 | 0.9 |
| 2021-06 | 1.9 | 1.5 | 1.1 |
| 2021-07 | 1.5 | 1.2 | 0.4 |
| 2021-08 | 2.4 | 1.9 | 1.5 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
- Source: INSEE.
Rebound in the prices of manufactured goods
Year on year, manufactured products increased by 1.1%, after −1.1% in the previous month. This rebound is linked with the one in the clothing and footwear prices (+4.6% after −7.1%) and the acceleration in “other manufactured goods” prices (+1.0% after +0.0%), due to the end of summer sales and their postponed compared to August 2020. The prices of furniture and furnishings (+4.2% after +0.9%), the other appliances, articles and products for personal care (+0,7% after −0.4%), the games, toys and hobbies (+3.4% after +0.5%) accelerated. The decline in major household appliances (−0.4% after −2.7%) and in mobile phones (−2.3% after −5.2%) softened. The prices of vehicles slowed down (+1.1% after +1.8%). Finally, the decrease in health products prices accentuated (−1.0% after −0.8% in July).
Acceleration in food prices
In August, food prices rose by 1.3%, after +0.9% in July. The prices of fresh food produces accelerated sharply (+6.8% after +3.8%) in link with those of fresh vegetables (+11.3% after +5.2%), fresh fruits (+4.2% after +3.1%) and fresh fish (+5.5% after +4.3%). Excluding fresh produces, the increase in food prices maintained at the same level as in the last month (+0.4%). The prices of bread and cereals accelerated (+0.6% after +0.3%) and those of meat slowed down (+1.1% after +1.2%).
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2021 | August 2021 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 107.05 | 0.6 | 1.9 |
| Overall SA(1) | 10000 | 106.89 | 0.4 | 2.1 |
| Food | 1785 | 109.48 | 0.7 | 1.3 |
| Fresh food | 261 | 132.73 | 3.7 | 6.8 |
| Other food | 1524 | 105.90 | 0.1 | 0.4 |
| Tobacco | 243 | 155.71 | 0.0 | 5.1 |
| Manufactured products | 2501 | 97.98 | 1.1 | 1.1 |
| Clothing and footwear | 354 | 97.28 | 5.0 | 4.6 |
| Medical products | 438 | 87.22 | -0.2 | -1.0 |
| Other manufactured products | 1709 | 100.77 | 0.7 | 1.0 |
| Energy | 746 | 120.52 | 0.6 | 12.7 |
| Petroleum products | 343 | 121.29 | -0.2 | 16.9 |
| Services | 4725 | 107.47 | 0.4 | 0.7 |
| Actual rentals and services for dwellings | 853 | 103.10 | 0.2 | 1.3 |
| Health services | 647 | 101.78 | -0.4 | -0.7 |
| Transport | 172 | 109.86 | -1.6 | 3.7 |
| Communication | 243 | 100.71 | 0.0 | 2.8 |
| Other services | 2810 | 110.42 | 0.8 | 0.6 |
| Total except rents and tobacco | 9062 | 106.50 | 0.7 | 1.8 |
| Total except tobacco | 9757 | 106.21 | 0.6 | 1.8 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9632 | 105.71 | 0.6 | 1.8 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9624 | 105.60 | 0.6 | 2.0 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France (Mayotte excluded)
- Source : INSEE – Consumer Price Indices
Maintained dynamism in energy prices year on year
Year on year, the energy prices accelerated in August (+12.7% after +12.3%). The increase in gas prices maintained year on year (+31.2% after +27.8%). The prices of petroleum products increased (+16.9% after +16.5%) and those of electricity slowed down (+2.2% after +3.1%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2021 | August 2021 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 6008 | 104.87 | 0.3 | 1.5 |
| Food excluding fresh products. meat. milk and exotic products | 841 | 103.94 | 0.1 | 0.2 |
| Manufactured products | 2011 | 100.90 | 0.5 | 1.5 |
| Services including actual rentals and services for dwellings | 3156 | 107.81 | 0.3 | 1.9 |
| HICP - All items | 10000 | 108.38 | 0.7 | 2.4 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Slight increase in service prices year on year
Year on year, service prices rose slightly in August: +0.7% after +0.6% in July. The prices of transport services accelerated (+3.7% after +2.0%) in link with those of transport by railway (+7.7% after +6.2%) and airfares (+8.1% after +1.3%). The prices of housing-related services increased (+1.3% after +1.1%). The decrease in health services softened (−0.7% after −0.8%). The prices of communication services (+2.8% after +3.0%) and those of “other services” (+0.6% after +0.8%) slowed down a bit.
Revisions
Compared to the provisional estimates published on August 31, 2021, the month-on-month and year-on-year changes in CPI and HICP have been confirmed.
For further information
The price collection carried out by collectors on the field was adjourned with the beginning of lockdown, from the 16th March to the 15th June 2020, in November and December 2020 and progressively since the end of March 2021 until the end of May 2021 in metropolitan France. Despite the introduction of alternative collection methods (price collection online, telephone collection, scanner data), the quality of the indices was affected. Therefore, the level of the indices, the month-on-month rate and particularly the year-on-year rate should be considered cautiously. The missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines. In August 2021, this imputation rate due to Covid-19 is about 2% as in July.
Next publication of final results: 15 October 2021 at 8:45
Documentation
CPI : methodological changes for 2021 (pdf,279 Ko)
Abbreviated Methodology (pdf,131 Ko)
Pour en savoir plus
The price collection carried out by collectors on the field was adjourned with the beginning of lockdown, from the 16th March to the 15th June 2020, in November and December 2020 and progressively since the end of March 2021 until the end of May 2021 in metropolitan France. Despite the introduction of alternative collection methods (price collection online, telephone collection, scanner data), the quality of the indices was affected. Therefore, the level of the indices, the month-on-month rate and particularly the year-on-year rate should be considered cautiously. The missing prices due to a lack of collection or an impossibility to purchase the products were imputed in compliance with Eurostat guidelines. In August 2021, this imputation rate due to Covid-19 is about 2% as in July.
Next publication of final results: 15 October 2021 at 8:45