In September 2024, consumer prices increased by 1.2% year on year Consumer price index – provisional results – September 2024 in France

Over a year, the Consumer Price Index (CPI) should rise by 1.2% in September 2024, after +1.8% in August, according to the provisional estimate made at the end of the month. This sharp decrease in inflation should be firstly explained by a fall in the prices of energy particularly in those of petroleum products. The prices of services should slow over a year and those of manufactured products should fall at a slightly faster rate than in the previous month. The prices of food and tobacco should rise at the same rate as in the previous month.

Over a month, consumer prices are expected to fall by 1.2% in September 2024 (after +0.5% in August). In addition to the seasonal effect of the fall in transport prices (particularly passenger transport by air) and accommodation services, there is the marked fall in energy prices, the return to normal of certain tariffs following the Olympic and Paralympic Games, and the fall in the price of healthcare services. Conversely, prices of manufactured goods are set to rise over the month, driven by higher clothing and footwear prices. Tobacco prices are expected to be virtually unchanged from August. All in all, this represents the sharpest monthly fall in prices since the series began in 1990.

Year on year, the Harmonised Index of Consumer Prices should rise by 1.5% in September 2024, after +2.2% in August. Over one month, it should fall by 1.2%, after +0.6% in the previous month).

Source: INSEE
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