France CPI month-on-month: overall excepting tobacco
France CPI month-on-month: overall excepting tobacco stood at -0.3% in Sep 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Consumer price index table (Value · Monthly), with a complete series running from Jan 1996 to Sep 2026. The complete series with an interactive chart, free to download.
This indicator in the Consumer price index table
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Month-on-month change | |||||||||||
| All households - Overall excepting tobacco | -0.3 | 0.7 | 0.6 | -0.3 | 0.1 | 1 | 1 | 0.6 | -0.4 | 0.1 | |
| All households - Overall excluding tobacco and alcohol | -0.3 | 0.7 | 0.6 | -0.3 | 0.1 | 1.1 | 1 | 0.6 | -0.4 | 0.1 |
Understanding france CPI month-on-month: overall excepting tobacco
By stripping out tax-heavy tobacco products from the aggregate basket, this metric isolates the underlying price trajectory driven by general consumer markets. Tobacco items often experience heavy excise duty increases that can distort the broader monetary signal, making this modified aggregate useful for isolating fiscal policy shocks from market-driven pricing pressures across goods and services.
Reading this indicator involves evaluating sequential month-on-month changes alongside twelve-month trajectories to separate genuine inflation from administrative tax adjustments. Early estimates rely on partial collection rounds and undergo routine revision when complete monthly samples are finalized. Analysts should note that removing tobacco shifts the weighting slightly toward energy and food components, which carry distinct volatility profiles compared to regulated vices.
Frequently asked questions
- Why remove tobacco products from the broader price index?
- Excise duty hikes can create artificial price spikes that do not reflect underlying consumer demand or general economic conditions.
- Does this indicator exclude alcoholic beverages as well?
- No, alcohol remains part of this calculation; only tobacco items are stripped from the standard basket.
- Are early estimates of this series subject to revision?
- Yes, preliminary monthly figures are updated when late survey returns and final verification checks are completed.