France CPI: overall excl. tobacco and rents
France CPI: overall excl. tobacco and rents stood at 103.16 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 2015 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Index | |||||||||||
| All households - Overall excepting tobacco and rents | 103.16 | 103.47 | 102.74 | 102.13 | 102.43 | 102.3 | 101.16 | 100.12 | 99.48 | 99.89 | |
| All households - Food | 101.83 | 101.69 | 101.29 | 101.14 | 101.49 | 101.18 | 100.99 | 100.9 | 100.87 | 100.39 |
Understanding france CPI: overall excl. tobacco and rents
This aggregate reflects the broader cost of living experienced by households while deliberately excluding two major structural components: residential rents and tobacco products. By removing tobacco, the index avoids distortion from heavy excise tax hikes that do not reflect general market demand; by removing rents, it eliminates imputed and actual housing shelter costs that follow distinct multi-year contracting cycles. This differs from standard headline figures by offering a purified view of consumer price changes across everyday goods and market services.
Interpreting this series helps analysts assess underlying inflationary pressures without the dampening effect of sticky housing costs or the policy-driven leaps of sin taxes. Month-on-month movements are generally more responsive to market shifts than the headline rate because rental contracts rarely shift rapidly. When monitoring this metric, observers should examine twelve-month percentage changes to evaluate sustained macroeconomic trends rather than seasonal blips in underlying retail sectors.
Frequently asked questions
- Why are rents removed from this specific headline variant?
- Rents are excluded because housing costs follow long-term contractual adjustments that can obscure short-term market dynamics.
- What is the reason for excluding tobacco products?
- Tobacco is removed to prevent government excise duty increases from artificially skewing the perception of general consumer inflation.
- How does this index differ from standard headline inflation?
- It covers almost the entire consumer basket but specifically omits tobacco duties and shelter costs.