Informations Rapides ·
15 May 2024 · n° 117
In April 2024, consumer prices increased by 0.5% over one month and by 2.2% Year-on-year Consumer price index - final results - April 2024
- Monthly change: +0.5% in April; year-on-year change: +2.2%
- Decline of core inflation Year-on-year
- The year-on-year slowdown in food prices went on
- Year-on-year, manufactured product prices edged down
- Stable year-on-year inflation in service prices
- Acceleration in energy prices Year-on-year
- Revisions
- For further information
Monthly change: +0.5% in April; year-on-year change: +2.2%
In April 2024, the Consumer Price Index (CPI) accelerated over one month: +0.5%, after +0.2% in March. The rise in prices is explained by the increase of the prices of services (+1.0% after 0.0%), trained by transport (+5.6% after ‑0.9%) and insurance services (+3.6% after ‑2.4%) and a slight increase of those of food (+0.1% after 0.0%). Over one month, the prices of manufactured products and tobacco were stable (after respectively +1.3% and +1.4%). Energy prices fell at a slower pace than in the previous month (‑0.3% after ‑0.7%).
Seasonally adjusted, consumer prices rebounded by 0.5% in April 2024, after ‑0.4% in March.
Year-on-year, consumer prices went up by 2.2% in April 2024, after +2.3% in March. This decrease of inflation resulted from the year-on-year slowdown in the prices of food (+1.2% after +1.7%), and tobacco (+9.0% after +10.7%). The prices of manufactured products fell back (‑0.1% after +0.1%). While services prices rose at the same rate as in March (+3.0%). Conversely, the prices of energy accelerated (+3.8% after +3.4%).
Decline of core inflation Year-on-year
Year-on-year, core inflation decreased again, reaching +1.9% in April 2024, after +2.2% in March.
The Harmonised Index of Consumer Prices (HICP) slowed down over one month (+0.6% after +0.2% in March); Year-on-year, it increased by 2.4% in April 2024, as in the previous month.
tableauConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
| ISJ | HICP | CPI | |
|---|---|---|---|
| 2024-04 | 1.9 | 2.37 | 2.2 |
| 2024-03 | 2.2 | 2.41 | 2.3 |
| 2024-02 | 2.6 | 3.21 | 3.0 |
| 2024-01 | 3.0 | 3.4 | 3.1 |
| 2023-12 | 3.4 | 4.1 | 3.7 |
| 2023-11 | 3.4 | 3.9 | 3.5 |
| 2023-10 | 4.2 | 4.5 | 4.0 |
| 2023-09 | 4.6 | 5.7 | 4.9 |
| 2023-08 | 5.0 | 5.7 | 4.9 |
| 2023-07 | 5.5 | 5.1 | 4.3 |
| 2023-06 | 5.7 | 5.3 | 4.5 |
| 2023-05 | 5.7 | 6.0 | 5.1 |
| 2023-04 | 6.2 | 6.9 | 5.9 |
| 2023-03 | 6.0 | 6.7 | 5.7 |
| 2023-02 | 5.8 | 7.3 | 6.3 |
| 2023-01 | 5.5 | 7.0 | 6.0 |
| 2022-12 | 5.3 | 6.7 | 5.9 |
| 2022-11 | 5.3 | 7.1 | 6.2 |
| 2022-10 | 5.0 | 7.1 | 6.2 |
| 2022-09 | 4.6 | 6.2 | 5.6 |
| 2022-08 | 4.8 | 6.6 | 5.9 |
| 2022-07 | 4.3 | 6.8 | 6.1 |
| 2022-06 | 3.7 | 6.5 | 5.8 |
| 2022-05 | 3.6 | 5.8 | 5.2 |
| 2022-04 | 3.2 | 5.4 | 4.8 |
| 2022-03 | 2.5 | 5.1 | 4.5 |
| 2022-02 | 2.4 | 4.2 | 3.6 |
| 2022-01 | 1.6 | 3.3 | 2.9 |
| 2021-12 | 2.0 | 3.4 | 2.8 |
| 2021-11 | 1.8 | 3.4 | 2.8 |
| 2021-10 | 1.5 | 3.2 | 2.6 |
| 2021-09 | 1.4 | 2.7 | 2.2 |
| 2021-08 | 1.0 | 2.4 | 1.9 |
| 2021-07 | 0.0 | 1.5 | 1.2 |
| 2021-06 | 1.1 | 1.9 | 1.5 |
| 2021-05 | 0.9 | 1.8 | 1.4 |
| 2021-04 | 1.0 | 1.6 | 1.2 |
| 2021-03 | 1.0 | 1.4 | 1.1 |
| 2021-02 | 0.5 | 0.8 | 0.6 |
| 2021-01 | 1.1 | 0.8 | 0.6 |
| 2020-12 | 0.2 | 0.0 | 0.0 |
| 2020-11 | 0.4 | 0.2 | 0.2 |
| 2020-10 | 0.3 | 0.1 | 0.0 |
| 2020-09 | 0.5 | 0.0 | 0.0 |
| 2020-08 | 0.4 | 0.2 | 0.2 |
| 2020-07 | 1.3 | 0.9 | 0.8 |
| 2020-06 | 0.3 | 0.2 | 0.2 |
| 2020-05 | 0.5 | 0.4 | 0.4 |
| 2020-04 | 0.2 | 0.4 | 0.3 |
| 2020-03 | 0.7 | 0.8 | 0.7 |
| 2020-02 | 1.4 | 1.6 | 1.4 |
| 2020-01 | 1.0 | 1.7 | 1.5 |
| 2019-12 | 1.1 | 1.6 | 1.5 |
| 2019-11 | 0.9 | 1.2 | 1.0 |
| 2019-10 | 1.0 | 0.9 | 0.8 |
| 2019-09 | 0.9 | 1.1 | 0.9 |
| 2019-08 | 0.7 | 1.3 | 1.0 |
| 2019-07 | 0.9 | 1.3 | 1.1 |
| 2019-06 | 0.9 | 1.4 | 1.2 |
| 2019-05 | 0.5 | 1.1 | 0.9 |
| 2019-04 | 0.7 | 1.5 | 1.3 |
| 2019-03 | 0.5 | 1.3 | 1.1 |
| 2019-02 | 0.7 | 1.6 | 1.3 |
| 2019-01 | 0.6 | 1.4 | 1.2 |
| 2018-12 | 0.7 | 1.9 | 1.6 |
| 2018-11 | 0.7 | 2.2 | 1.9 |
| 2018-10 | 0.8 | 2.5 | 2.2 |
| 2018-09 | 0.7 | 2.5 | 2.2 |
| 2018-08 | 0.9 | 2.6 | 2.3 |
| 2018-07 | 0.8 | 2.6 | 2.3 |
| 2018-06 | 0.8 | 2.3 | 2.0 |
| 2018-05 | 1.0 | 2.3 | 2.0 |
| 2018-04 | 0.8 | 1.8 | 1.6 |
| 2018-03 | 0.9 | 1.7 | 1.6 |
| 2018-02 | 0.7 | 1.3 | 1.2 |
| 2018-01 | 0.8 | 1.5 | 1.3 |
| 2017-12 | 0.6 | 1.2 | 1.2 |
| 2017-11 | 0.5 | 1.2 | 1.2 |
| 2017-10 | 0.5 | 1.2 | 1.1 |
| 2017-09 | 0.5 | 1.1 | 1.0 |
| 2017-08 | 0.5 | 1.0 | 0.9 |
| 2017-07 | 0.5 | 0.8 | 0.7 |
| 2017-06 | 0.4 | 0.8 | 0.7 |
| 2017-05 | 0.3 | 0.9 | 0.8 |
| 2017-04 | 0.5 | 1.4 | 1.2 |
| 2017-03 | 0.4 | 1.4 | 1.1 |
| 2017-02 | 0.2 | 1.4 | 1.2 |
| 2017-01 | 0.6 | 1.6 | 1.3 |
| 2016-12 | 0.4 | 0.8 | 0.6 |
| 2016-11 | 0.6 | 0.7 | 0.5 |
| 2016-10 | 0.5 | 0.5 | 0.4 |
| 2016-09 | 0.7 | 0.5 | 0.4 |
| 2016-08 | 0.4 | 0.4 | 0.2 |
| 2016-07 | 0.5 | 0.4 | 0.2 |
| 2016-06 | 0.7 | 0.3 | 0.2 |
| 2016-05 | 0.6 | 0.1 | 0.0 |
| 2016-04 | 0.6 | -0.1 | -0.2 |
| 2016-03 | 0.7 | -0.1 | -0.1 |
| 2016-02 | 0.7 | -0.1 | -0.2 |
| 2016-01 | 0.9 | 0.3 | 0.2 |
| 2015-12 | 1.0 | 0.3 | 0.2 |
| 2015-11 | 0.9 | 0.1 | 0.0 |
| 2015-10 | 0.8 | 0.2 | 0.1 |
| 2015-09 | 0.6 | 0.1 | 0.0 |
| 2015-08 | 0.5 | 0.1 | 0.0 |
| 2015-07 | 0.6 | 0.2 | 0.2 |
| 2015-06 | 0.5 | 0.3 | 0.3 |
| 2015-05 | 0.5 | 0.3 | 0.3 |
| 2015-04 | 0.4 | 0.1 | 0.1 |
| 2015-03 | 0.2 | 0.0 | -0.1 |
| 2015-02 | 0.2 | -0.3 | -0.3 |
| 2015-01 | 0.1 | -0.4 | -0.4 |
| 2014-12 | -0.1 | 0.1 | 0.1 |
| 2014-11 | -0.1 | 0.4 | 0.3 |
| 2014-10 | 0.0 | 0.5 | 0.5 |
| 2014-09 | 0.0 | 0.4 | 0.3 |
| 2014-08 | 0.3 | 0.5 | 0.4 |
| 2014-07 | 0.1 | 0.6 | 0.5 |
| 2014-06 | 0.1 | 0.6 | 0.5 |
| 2014-05 | 0.3 | 0.8 | 0.7 |
| 2014-04 | 0.5 | 0.8 | 0.7 |
| 2014-03 | 0.4 | 0.8 | 0.6 |
| 2014-02 | 0.8 | 1.1 | 0.9 |
| 2014-01 | 0.2 | 0.8 | 0.6 |
graphiqueConsumer Price Index (CPI), core inflation (ISJ) and Harmonised Index of Consumer Prices (HICP) year-on-year changes
- Source: INSEE
The year-on-year slowdown in food prices went on
Year-on-year, food prices rose by 1.2% in April 2024, after +1.7% in March. They thus slowed down for the thirteenth month in a row.
Excluding fresh products, the year-on-year rise in food prices softened (+1.5% after +2.7%) notably for bread and cereals (+1.3% after +2.5%), meat (+0.5% after +1.5%), milk, cheese and eggs (+1.4% after +2.7%), sugar, jam, honey, chocolate and confectionery (+2.5% after +3.9%), alcoholic (+2.0% after +3.0%) and non-alcoholic beverages (+2.7% after +4.1%). Conversely, the prices of oils and fats accelerated (+3.2% after +3.0%) driven by olive oil prices.
The decrease of the prices of fresh products softened (‑0.7% after ‑3.9%), driven by a slowdown of the decrease of those of fresh vegetables (‑4.7% after ‑11.8%), by the acceleration of the prices of fresh fruits (+0.6% after +0.4%) and by the bounce of the prices of fresh fish (+0.4% after ‑0.8%).
Year-on-year, manufactured product prices edged down
Year-on-year, the prices of manufactured products decreased by 0.1% in April 2024, after +0.1% in March.
The prices of “other manufactured products” were stable year on year (0.0% after +0.4%), due to the decrease of the prices of furniture and furnishings (‑0.3% after +0.1%) and non-durable household goods (‑0.1% after +1.6%), the slowdown in the prices of newspapers and periodicals (+2.8% after +3.2%), cleaning and maintenance products (+1.5% after +3.4%), the stabilisation in the prices of “other appliances, articles and products for body care” (0.0% after +1.4%) and the acceleration of the decrease of those of small non-durable household items (‑2.1% after ‑0.8%), and major household appliances (‑2.9% after ‑2.5%). Conversely, the prices in new vehicles increased (+0.4% after 0.0%) and the prices of spare parts and accessories for passenger cars (+2.9% after +2.6%) and other recreational and cultural durables (+1.8% after +1.3%) accelerated.
The prices of health products decreased at the same pace than the previous month (‑1.4%). Reversely, those of clothing and footwear increased faster than in March (+0.7% after +0.4%).
tableauDetailed figures for various groups
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2024 | April 2024 | m-on-m change (2) | y-on-y change (3) | |
| a) All households | ||||
| Overall | 10,000 | 120.07 | 0.50 | 2.2 |
| Overall SA(1) | 10,000 | 119.73 | 0.5 | 2.2 |
| Food | 1,507 | 131.51 | 0.1 | 1.2 |
| Fresh food | 185 | 152.05 | 0.2 | -0.7 |
| Other food | 1,322 | 128.21 | 0.1 | 1.5 |
| Tobacco | 177 | 185.94 | 0.0 | 9.0 |
| Manufactured products | 2,324 | 105.27 | 0.0 | -0.1 |
| Clothing and footwear | 347 | 107.91 | 1.2 | 0.7 |
| Medical products | 398 | 84.83 | -0.2 | -1.4 |
| Other manufactured products | 1,579 | 110.08 | -0.1 | 0.0 |
| Energy | 832 | 161.64 | -0.3 | 3.8 |
| of which petroleum products | 430 | 152.75 | 0.7 | -0.7 |
| Services | 5,160 | 115.93 | 1.0 | 3.0 |
| Rents, water and household refuse collection | 796 | 110.80 | 0.1 | 2.8 |
| Health services | 617 | 103.17 | 0.0 | 1.4 |
| Transport | 293 | 126.20 | 5.6 | 0.6 |
| Communication | 204 | 93.33 | -0.4 | -6.6 |
| Other services | 3,250 | 121.42 | 1.1 | 4.2 |
| Total except rents and tobacco | 9,181 | 119.89 | 0.5 | 2.0 |
| Total except tobacco | 9,823 | 119.01 | 0.5 | 2.1 |
| b) Urban working-class households or households of employees | ||||
| All products excluding tobacco | 9,731 | 118 | 0 | 2 |
| c) Households in the first quintile of the living standards distribution | ||||
| All products excluding tobacco | 9,712 | 119,01 | 0,4 | 1,9 |
- (1) seasonally adjusted
- (2) : [m/(m-1)]
- (3) : [m/(m-12)]
- Geographical coverage: France
- Source : INSEE – Consumer Price Indices
Stable year-on-year inflation in service prices
Year-on-year, service prices increased by 3.0% in April 2024, as in March.
The prices of transport slowed significantly (+0.6% after +3.0%), due to the strong slowdown of those of airfares (‑0.1% after +7.1%) and the sharper fall of those of transport by road (‑3.0% after ‑0.4%), while rail transport prices accelerated year-on-year (+6.2% after +4.7%).
The prices of communications services continued to decrease (‑6.6% after ‑6.3%) due to mobile telephony services (‑12.3% after ‑11.5%).
The prices of rents, water and household refuse collection (+2.8% after +2.7%) and “other services” (+4.2% after +3.9%) accelerated, notably those of insurance services (+8.6% after +5.5%) and accommodation services (+2.8% after +1.3%). Finally the prices of health services slowed down slightly year-on-year (+1.4% after +1.5%).
Acceleration in energy prices Year-on-year
Year-on-year, the prices of energy rose by 3.8% in April 2024, after +3.4% in March.
This year-on-year acceleration can be explained by the slowdown of the decrease in the prices of petroleum products (‑0.7% after ‑2.0%), notably those of diesel (‑0.8% after ‑2.3%) and petrol (‑0.9% after ‑2.0%).
The prices of electricity slowed down (+19.2% after +20.4%), while those of gas still decreased (‑13.6% after ‑11.3%).
Lastly, the prices of solid fuel decreased at a soften rate than in March (‑9.3% after ‑11.0%).
tableauDetailed figures for Core inflation and HICP
| Items | Weight | Index | Percentage change | |
|---|---|---|---|---|
| 2024 | April 2024 | m-on-m change (1) | y-on-y change (2) | |
| Core inflation - All items | 6273 | 115.91 | 0.5 | 1.9 |
| Food excluding fresh products, meat, milk and exotic products | 779 | 123.74 | -0.1 | 1.5 |
| Manufactured products | 1879 | 108.14 | -0.1 | -0.2 |
| Services including actual rentals and services for dwellings | 3615 | 118.86 | 0.8 | 3.0 |
| HICP - All items | 10000 | 123.41 | 0.6 | 2.4 |
- (1) : [m/(m-1)]
- (2) : [m/(m-12)]
- Source: INSEE - Consumer Price Indices
Revisions
Compared to the provisional estimates published on 30 April 2024, the month-on-month and year-on-year changes in CPI and HICP are confirmed.
For further information
Next publication of final results: 14 June 2024 at 8:45 am.
Documentation
CPI: methodological changes for 2024 (pdf,111 Ko)
Abbreviated Methodology (pdf,131 Ko)
Pour en savoir plus
Next publication of final results: 14 June 2024 at 8:45 am.