|Unit||Index 2015=100, SA|
|Source||French National Institute of Statistics and Economic studies (insee)|
|Release||Consumer Price Index|
The consumer price index is the official instrument for measuring inflation in France. It allows an estimate, between two given periods, of the average change in the prices of goods and services consumed by households. It is a summary gauge of movements in prices of products on a constant-quality basis. Monthly from 1990.
The geographic coverage is the national territory of France, including four of the five overseas departments (except Mayotte). The consumer price index (CPI) covers almost all goods and services consumed on the French territory by resident and non-resident households (for example, tourists). Only a few percentages of goods and services are not covered by the CPI, mainly private hospital services and life insurance. The CPI covered actually 97% of its scope in 2016.
The basic structure is the international classification COICOP for its first four levels, plus a fifth level specific to the IPC. This structure includes 12 consumption functions, 117 groupings into 303 groups, and a few short-term groupings. Since January 2016, the National Institute for Statistics and Economic Studies (INSEE) has published a flash estimate at the end of every month. This index, leading indicator of inflation, is intended for useprimarily by economists. It should not be used to index-link a contract.
The definitive CPI is published monthly around the 13th of the following month in an issue of the short-term publication Informations Rapides. Insee also publishes about a hundred series of average prices for individual items. Every year, at mid-January, an Informations Rapides is published which includes the annual averages by functions, groups and posts. Those are simple averages of the monthly indexes.
Starting January 2016, the indices were rebased to 2015=100.