Informations Rapides ·
18 February 2022 · n° 39
In January 2022, consumer prices increased by 0.3% over one month and by 2.9% year
on year Consumer price index - final results - January 2022
- Monthly change: +0.3% in January; year-on-year change: +2.9%
- Decrease in core inflation year on year
- Acceleration in energy prices year on year
- Increase in service prices year on year
- Rise in food prices year on year
- Slowdown in manufactured good prices year on year
- Revisions
- For further information
Monthly change: +0.3% in January; year-on-year change: +2.9%
In January 2022, the Consumer Price Index (CPI) rose by 0.3% over one month, after +0.2% in December. The prices of energy rebounded (+2.9% after −0.9%) in the wake of those of petroleum products (+4.9% after −2.2%). Those of food accelerated slightly (+0.6% after +0.5%) and those of tobacco increased by 0.2% after being stable the previous month. The prices of services slowed down (+0.3% after +0.4%) and those of manufactured goods, in relation to the winter sales, fell back by 1.0% after being stable the previous month.
Seasonally adjusted, consumer prices rose by 0.6% after +0.2% in December.
Year on year, consumer prices grew by 2.9% after +2.8% in December. The prices of energy (+19.9% after +18.5%) and those of services (+2.0% after +1.8%) accelerated, as well as, in a lesser extent, those of food (+1.5% after +1.4%). The prices of manufactured goods slowed down (+0.6% after +1.2%) and those of tobacco fell back slightly (−0.1% after +0.0%).
Decrease in core inflation year on year
Year on year, core inflation dropped in January down to +1.6%, after +1.9% in December. The Harmonised Index of Consumer Prices (HICP) rose by 0.2% over one month, as in December; year on year, it increased by 3.3% after +3.4% in the previous month.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| HICP | CPI | ISJ | |
|---|---|---|---|
| 2022-01 | 3.3 | 2.9 | 1.6 |
| 2021-12 | 3.4 | 2.8 | 1.9 |
| 2021-11 | 3.4 | 2.8 | 1.7 |
| 2021-10 | 3.2 | 2.6 | 1.5 |
| 2021-09 | 2.7 | 2.2 | 1.3 |
| 2021-08 | 2.4 | 1.9 | 1.3 |
| 2021-07 | 1.5 | 1.2 | 0.2 |
| 2021-06 | 1.9 | 1.5 | 1.1 |
| 2021-05 | 1.8 | 1.4 | 1.0 |
| 2021-04 | 1.6 | 1.2 | 1.0 |
| 2021-03 | 1.4 | 1.1 | 0.9 |
| 2021-02 | 0.8 | 0.6 | 0.6 |
| 2021-01 | 0.8 | 0.6 | 1.0 |
| 2020-12 | 0.0 | 0.0 | 0.0 |
| 2020-11 | 0.2 | 0.2 | 0.3 |
| 2020-10 | 0.1 | 0.0 | 0.2 |
| 2020-09 | 0.0 | 0.0 | 0.4 |
| 2020-08 | 0.2 | 0.2 | 0.5 |
| 2020-07 | 0.9 | 0.8 | 1.4 |
| 2020-06 | 0.2 | 0.2 | 0.3 |
| 2020-05 | 0.4 | 0.4 | 0.6 |
| 2020-04 | 0.4 | 0.3 | 0.3 |
| 2020-03 | 0.8 | 0.7 | 0.7 |
| 2020-02 | 1.6 | 1.4 | 1.2 |
| 2020-01 | 1.7 | 1.5 | 0.9 |
| 2019-12 | 1.6 | 1.5 | 1.1 |
| 2019-11 | 1.2 | 1.0 | 1.0 |
| 2019-10 | 0.9 | 0.8 | 1.0 |
| 2019-09 | 1.1 | 0.9 | 0.9 |
| 2019-08 | 1.3 | 1.0 | 0.8 |
| 2019-07 | 1.3 | 1.1 | 0.9 |
| 2019-06 | 1.4 | 1.2 | 0.9 |
| 2019-05 | 1.1 | 0.9 | 0.5 |
| 2019-04 | 1.5 | 1.3 | 0.8 |
| 2019-03 | 1.3 | 1.1 | 0.5 |
| 2019-02 | 1.6 | 1.3 | 0.6 |
| 2019-01 | 1.4 | 1.2 | 0.6 |
| 2018-12 | 1.9 | 1.6 | 0.7 |
| 2018-11 | 2.2 | 1.9 | 0.7 |
| 2018-10 | 2.5 | 2.2 | 0.8 |
| 2018-09 | 2.5 | 2.2 | 0.7 |
| 2018-08 | 2.6 | 2.3 | 0.9 |
| 2018-07 | 2.6 | 2.3 | 0.8 |
| 2018-06 | 2.3 | 2.0 | 0.8 |
| 2018-05 | 2.3 | 2.0 | 1.0 |
| 2018-04 | 1.8 | 1.6 | 0.8 |
| 2018-03 | 1.7 | 1.6 | 0.9 |
| 2018-02 | 1.3 | 1.2 | 0.7 |
| 2018-01 | 1.5 | 1.3 | 0.8 |
| 2017-12 | 1.2 | 1.2 | 0.6 |
| 2017-11 | 1.2 | 1.2 | 0.5 |
| 2017-10 | 1.2 | 1.1 | 0.5 |
| 2017-09 | 1.1 | 1.0 | 0.5 |
| 2017-08 | 1.0 | 0.9 | 0.5 |
| 2017-07 | 0.8 | 0.7 | 0.5 |
| 2017-06 | 0.8 | 0.7 | 0.4 |
| 2017-05 | 0.9 | 0.8 | 0.3 |
| 2017-04 | 1.4 | 1.2 | 0.5 |
| 2017-03 | 1.4 | 1.1 | 0.4 |
| 2017-02 | 1.4 | 1.2 | 0.1 |
| 2017-01 | 1.6 | 1.3 | 0.6 |
| 2016-12 | 0.8 | 0.6 | 0.4 |
| 2016-11 | 0.7 | 0.5 | 0.6 |
| 2016-10 | 0.5 | 0.4 | 0.5 |
| 2016-09 | 0.5 | 0.4 | 0.7 |
| 2016-08 | 0.4 | 0.2 | 0.4 |
| 2016-07 | 0.4 | 0.2 | 0.5 |
| 2016-06 | 0.3 | 0.2 | 0.7 |
| 2016-05 | 0.1 | 0.0 | 0.7 |
| 2016-04 | -0.1 | -0.2 | 0.6 |
| 2016-03 | -0.1 | -0.1 | 0.7 |
| 2016-02 | -0.1 | -0.2 | 0.7 |
| 2016-01 | 0.3 | 0.2 | 0.9 |
| 2015-12 | 0.3 | 0.2 | 1.0 |
| 2015-11 | 0.1 | 0.0 | 0.9 |
| 2015-10 | 0.2 | 0.1 | 0.8 |
| 2015-09 | 0.1 | 0.0 | 0.6 |
| 2015-08 | 0.1 | 0.0 | 0.5 |
| 2015-07 | 0.2 | 0.2 | 0.6 |
| 2015-06 | 0.3 | 0.3 | 0.6 |
| 2015-05 | 0.3 | 0.3 | 0.5 |
| 2015-04 | 0.1 | 0.1 | 0.4 |
| 2015-03 | 0.0 | -0.1 | 0.2 |
| 2015-02 | -0.3 | -0.3 | 0.2 |
| 2015-01 | -0.4 | -0.4 | 0.1 |
| 2014-12 | 0.1 | 0.1 | -0.1 |
| 2014-11 | 0.4 | 0.3 | -0.2 |
| 2014-10 | 0.5 | 0.5 | 0.0 |
| 2014-09 | 0.4 | 0.3 | 0.1 |
| 2014-08 | 0.5 | 0.4 | 0.3 |
| 2014-07 | 0.6 | 0.5 | 0.1 |
| 2014-06 | 0.6 | 0.5 | 0.1 |
| 2014-05 | 0.8 | 0.7 | 0.3 |
| 2014-04 | 0.8 | 0.7 | 0.5 |
| 2014-03 | 0.8 | 0.6 | 0.5 |
| 2014-02 | 1.1 | 0.9 | 0.8 |
| 2014-01 | 0.8 | 0.6 | 0.2 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
- Source: INSEE
Acceleration in energy prices year on year
Year on year, the energy prices accelerated in January (+19.9% after +18.5%). The petroleum product prices increased at a more robust pace (+24.3% after +22.6%) in link with the prices of diesel (+23.9% after +21.1%), petrol (+20.7% after +19.6%) and liquid fuels (+37.8% after +37.3%). The prices of electricity rose as well (+3.9% year on year after +3.1%) and those of gas grew at the same rate as in the previous month (+50.9%).
Increase in service prices year on year
Year on year, service prices rose by 2.0% in January after +1.8% in December. The prices of “other services” accelerated sharply (+2.6% after +1.9%) linked with the increase in catering services (+2.1% after +1.9%), accommodation services (+4.7% after +4.4%) and those of social protection (+5.1% after +1.4%). The increase in transport service prices softened sharply (+3.9% after 6.3%) in the wake of transport by railway prices (+6.8% after +11.2%) and airfares (+3.6% after +10.8%). The prices of housing-related services (+1.8% after +1.9%) and communication services (+1.4% after +3.1%) slowed down. Finally, the decreased in health services maintained at the same level as in December (−0.6%).
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | January 2022 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 108.12 | 0.3 | 2.9 |
| Overall SA(1) | 10000 | 108.49 | 0.6 | 2.9 |
| Food | 1649 | 110.07 | 0.6 | 1.5 |
| Fresh food | 249 | 132.77 | 2.3 | 4.0 |
| Other food | 1400 | 106.56 | 0.2 | 1.1 |
| Tobacco | 215 | 155.68 | 0.2 | -0.1 |
| Manufactured products | 2444 | 98.22 | -1.0 | 0.6 |
| Clothing and footwear | 341 | 95.59 | -8.4 | -0.6 |
| Medical products | 395 | 86.53 | -0.1 | -1.9 |
| Other manufactured products | 1708 | 101.61 | 0.3 | 1.5 |
| Energy | 886 | 132.43 | 2.9 | 19.9 |
| Petroleum products | 434 | 135.38 | 4.9 | 24.3 |
| Services | 4806 | 107.57 | 0.3 | 2.0 |
| Actual rentals and services for dwellings | 799 | 103.96 | 0.0 | 1.8 |
| Health services | 697 | 101.83 | -0.6 | -0.6 |
| Transport | 198 | 101.48 | -7.8 | 3.9 |
| Communication | 227 | 100.69 | 0.1 | 1.4 |
| Other services | 2885 | 110.88 | 1.2 | 2.6 |
| Total except rents and tobacco | 9139 | 107.69 | 0.3 | 3.1 |
| Total except tobacco | 9785 | 107.30 | 0.3 | 2.9 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9672 | 106.87 | 0.2 | 2.8 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9666 | 106.85 | 0.0 | 3.0 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France (Mayotte excluded)
- Source : INSEE – Consumer Price Indices
Rise in food prices year on year
Year on year, food prices increased by 1.5% after +1.4% in December. Those of fresh food produces were more dynamic than in the previous month (+4.0% after +3.3%) : those of fresh fruits accelerated sharply (+5.3% after +2.6%), as well as those of fresh fish (+9.5% after +3.4%). However, the prices of fresh vegetables slowed down (+0.6% after +3.5%).
Excluding fresh produces, the food prices increased by 1.1% after +1.0% in December. The prices of meat accelerated (+2.0% after +1.7%). Those of bread and cereals increased sharply (+2.4% after +1.7%) linked to the increase in bread prices (+3.3% after +2.4%). The prices of alcoholic beverages (+0.3% after +0.8%) and the prices of milk, cheese and eggs (+0.5% after +0.6%) slowed down and those of sugar, jam, honey, chocolate and confectionery were stable after −0.2% in the previous month.
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | January 2022 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 5917 | 105.78 | 0.5 | 1.6 |
| Food excluding fresh products. meat. milk and exotic products | 758 | 104.90 | 0.5 | 1.0 |
| Manufactured products | 2006 | 101.73 | 1.2 | 1.0 |
| Services including actual rentals and services for dwellings | 3153 | 108.67 | 0.0 | 2.1 |
| HICP - All items | 10000 | 109.51 | 0.2 | 3.3 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Slowdown in manufactured good prices year on year
Year on year, manufactured products increased by 0.6% after +1.2% in the previous month. Clothing and footwear prices declined by 0.6% after +3.2% in December, in relation to the winter sales. The prices of “other manufactured products” slowed down (+1.5% after +1.6%). Furniture and furnishing prices (+4.0% after +4.1%) and glassware, tableware and household utensils prices (+1.4% after +2.9%) were less dynamic than in the previous month. Major household appliances prices fell back slightly (−0.2% after +1.5%). However, the prices of vehicles (+2.2% after +1.2%) and those of newspapers, books and stationery (+2.4% after +1.6%) accelerated year on year. Finally, the decrease in health product prices was a little less important than in December (−1.9% after −2.0%)
Revisions
Compared to the provisional estimates published on February 1, 2022, the year-on-year and month-on-month changes in CPI and the year-on-year change in HICP have been confirmed. The month-on-month change in the HICP was up by 0.1%.
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 January 2022, this imputation rate due to Covid-19 is about 2%, after 1% in December.
Next publication of final results: 15 March 2022 at 8:45
Documentation
CPI : methodological changes for 2022 (pdf,101 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 January 2022, this imputation rate due to Covid-19 is about 2%, after 1% in December.
Next publication of final results: 15 March 2022 at 8:45