Over a year, the Consumer Price Index (CPI) should rise by 4.3% in July 2023, after +4.5% in the previous month, according to the provisional estimate made at the end of the month. This further decrease in inflation should result from a new year-on-year decline in energy prices and a slowdown in food prices (for the fourth consecutive month) and in those of manufactured goods. The prices of services should increase over one year at a rate close to that of the previous month.
Over one month, consumer prices should be stable in July 2023, after +0.2% in June. The prices of energy should fall back due to the decrease in gas prices. The prices of manufactured goods, notably those of clothing and footwear, should also fall back due to the summer sales. The prices of food should slow down and those of services should accelerate due to the seasonal increase in transport service prices and in “other service” prices.
Year on year, the Harmonised Index of Consumer Prices should rise by 5.0% in July 2023, after +5.3% in June. Over one month, it should be stable, after +0.2% in June.
Consumer Price Indices
| Weight 2023 | July 2022 | June 2023 | July 2023 (p) | |
|---|---|---|---|---|
| CPI – All items* | 10000 | 6.1 | 4.5 | 4.3 |
| Food | 1624 | 6.8 | 13.7 | 12.6 |
| – Fresh food | 238 | 5.2 | 11.2 | 10.4 |
| – Other food products | 1386 | 7.1 | 14.1 | 13.0 |
| Tobacco | 185 | 0.1 | 9.8 | 9.8 |
| Energy | 857 | 28.5 | -3.0 | -3.8 |
| Manufactured products | 2322 | 2.7 | 4.2 | 3.4 |
| Services | 5012 | 3.9 | 3.0 | 3.1 |
| HICP** – All items | 10000 | 6.8 | 5.3 | 5.0 |
Variations in the consumer price index
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 -0.5 -1.0 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 % 2017 2018 2019 2020 2021 2022 2023 12-month-rate 1-month-rate
For further information
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. The main difference between HICP and CPI is about the health costs: HICP is based on net prices of social security reimbursements and CPI is based on gross prices.
Publication of final results: 11 August 2023 at 8:45 am.
Next publication: 31 August 2023 at 8:45 am.
Chat now!
Add a Comment