Informations Rapides ·
15 April 2022 · n° 96
In March 2022, consumer prices increased by 1.4% over one month and by 4.5% year on
year Consumer price index - final results - March 2022
- Monthly change: +1.4% in March; year-on-year change: +4.5%
- Stability in core inflation year on year
- Sharp acceleration in energy prices year on year
- Acceleration in food prices year on year
- Slight increase in service prices year on year
- Slight slowdown in manufactured good prices year on year
- Revisions
- For further information
Monthly change: +1.4% in March; year-on-year change: +4.5%
In March 2022, the Consumer Price Index (CPI) rose by 1.4% over one month, after +0.8% in February. The prices of energy accelerated (+9.0% after +3.6%) in the wake of those of petroleum products (+17.0% after +5.6%). The prices of manufactured goods (+1.4% after +0.6%) and those of food (+0.9% after +0.3%) accelerated to a lesser extent. The prices of services slowed down (+0.2% after +0.5%) linked with the downturn in transport service prices (−0.9 % after +4.0%).
Seasonally adjusted, consumer prices rose by 1.0% after +0.7% in February.
Year on year, consumer prices grew by 4.5% after +3.6% in February. This sharp increase in inflation resulted from the acceleration of energy prices (+29.2% after +21.1%), food prices (+2.9% after +2.1%) and, to a lesser extent, service prices (+2.3% after +2.2%). The prices of manufactured goods slowed down slightly (+2.1% after +2.2%). The decrease in tobacco prices maintained at the same level as in February (−0.1 %).
Stability in core inflation year on year
Year on year, core inflation increased, in March, by 2.5% year on year, as in February. The Harmonised Index of Consumer Prices (HICP) rose by 1.6% over one month, after +0.9% in February; year-on-year, it increased by 5.1% after +4.2% 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 | |
|---|---|---|---|
| 2022-03 | 5.1 | 4.5 | 2.5 |
| 2022-02 | 4.2 | 3.6 | 2.5 |
| 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
Sharp acceleration in energy prices year on year
Year on year, the energy prices accelerated in March (+29.2% after +21.1%). The increase in petroleum product prices was more dynamic than in February (+43.5% after +26.9%) in link with the prices of diesel (+43.6% after +26.3%), petrol (+30.5% after +22.4%) and liquid fuels (+84.0% after +43.4%). The prices of electricity rose as well (+6.0% after +4.9%) and those of gas slowed down (+41.3% after +47.1%).
Acceleration in food prices year on year
Year on year, food prices increased by 2.9% after +2.1% in February. Those of fresh food produces were more dynamic than in the previous month (+7.6% after +5.9%): the prices of fresh fruits (+5.8% after +4.8%), fresh fish (+15.6% after +10.3%) and fresh vegetables (+8.0% after +5.8%) accelerated. Excluding fresh produces, the food prices increased by 2.1% after +1.4% in February. The prices of meat (+3.0% after +2.2%), bread and cereals (+3.3% after +2.7%), milk, cheese and eggs (+1.7% after +0.8%), non-alcoholic beverages (+1.3% after +0.6%) and alcoholic beverages (+0.8% after +0.3%) accelerated as well.
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | March 2022 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10000 | 110.49 | 1.4 | 4.5 |
| Overall SA(1) | 10000 | 110.35 | 1.0 | 4.5 |
| Food | 1649 | 111.42 | 0.9 | 2.9 |
| Fresh food | 249 | 134.75 | 1.4 | 7.6 |
| Other food | 1400 | 107.82 | 0.8 | 2.1 |
| Tobacco | 215 | 155.79 | 0.0 | -0.1 |
| Manufactured products | 2444 | 100.25 | 1.4 | 2.1 |
| Clothing and footwear | 341 | 103.28 | 6.8 | 3.5 |
| Medical products | 395 | 86.50 | 0.0 | -1.2 |
| Other manufactured products | 1708 | 103.09 | 0.8 | 2.6 |
| Energy | 886 | 149.55 | 9.0 | 29.2 |
| Petroleum products | 434 | 167.22 | 17.0 | 43.5 |
| Services | 4806 | 108.27 | 0.2 | 2.3 |
| Actual rentals and services for dwellings | 799 | 104.56 | 0.0 | 1.7 |
| Health services | 697 | 101.79 | 0.0 | -0.9 |
| Transport | 198 | 104.60 | -0.9 | 6.1 |
| Communication | 227 | 101.34 | 0.0 | 2.3 |
| Other services | 2885 | 111.64 | 0.4 | 3.1 |
| Total except rents and tobacco | 9139 | 110.24 | 1.5 | 4.9 |
| Total except tobacco | 9785 | 109.70 | 1.4 | 4.6 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9672 | 109.29 | 1.5 | 4.5 |
| c) Households that belong to the lowest equivalized disposable income quintile - France | ||||
| All products excluding tobacco | 9666 | 109.37 | 1.5 | 4.8 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France (Mayotte excluded)
- Source : INSEE – Consumer Price Indices
Slight increase in service prices year on year
Year on year, service prices rose by 2.3% in March after +2.2% in February. The prices of “other services” accelerated (+3.1% after +2.9%) linked with the increase in accommodation services (+6.1% after +5.2%), maintenance and repair of personal transport equipment services (+3.8% after +3.7%) and dwelling services (+4.1% after +3.5%). The increases in transport service prices (+6.1%) and communication service prices (+2.3%) maintained at the same level as in February. The prices of housing-related services slowed down slightly (+1.7% after +1.8%). Finally, the decrease in health services was similar to February (−0.9%).
Slight slowdown in manufactured good prices year on year
Year on year, manufactured products increased by 2.1% after +2.2% in the previous month. Clothing and footwear prices slowed down (+3.5% after +6.3%) and those of “other manufactured products” accelerated (+2.6% after +2.4%). The prices of other appliances, articles and products for personal care (+1.7% after +1.3%), newspapers, books and stationery (+2.8% after +2.2%), major household appliances (+1.8% after +1.4%) and vehicles (+3.4% after +2.8%) accelerated. The prices of small electric household appliances rebounded (+4.3% after −1.0%). Finally, the decrease in health product prices softened over a year (−1.2% after −1.5%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2022 | March 2022 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 5917 | 106.51 | 0.1 | 2.5 |
| Food excluding fresh products. meat. milk and exotic products | 758 | 105.80 | 0.6 | 1.9 |
| Manufactured products | 2006 | 102.34 | -0.2 | 2.8 |
| Services including actual rentals and services for dwellings | 3153 | 109.51 | 0.2 | 2.5 |
| HICP - All items | 10000 | 112.26 | 1.6 | 5.1 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared to the provisional estimates published on March 31, 2022, the year-on-year and month-on-month changes in CPI and in 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 March 2022, this imputation rate due to Covid-19 is 1%, after 2% in February.
Next publication of final results: 13 May 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 March 2022, this imputation rate due to Covid-19 is 1%, after 2% in February.
Next publication of final results: 13 May 2022 at 8:45