Exploring May’s Inflation Slowdown: What Products Are Affected and Can Consumption Pick Up?

2023-06-03 16:40:13

Price increases slowed down in May, reaching a level of 5.1%. This phenomenon is mainly due to the decrease in energy costs resulting in this quieter period. Is this the end of the meteoric rise in inflation? Here are some elements to provide an answer.

In the aisles of supermarkets, there is a slight decrease in prices. Indeed, inflation slowed considerably in May, reaching [5,1%]( Which products are affected by this drop? We note a decrease in the cost of coffee, oil and meat compared to the previous month. On the other hand, the prices of crisps, biscuits and cereals remain stable, while that those of fresh products such as fish and vegetables continue to increase.

Can consumption pick up again?

In a supermarket, customers do not yet notice the difference. However, for several weeks, gas and oil costs have returned to pre-conflict levels in Ukraine. On the food side, the anti-inflation quarter is extended, factors that could reduce the amount of receipts for consumers. Could consumption therefore pick up again? This is possible, but it is impossible to measure the impact of consumer morale according to an expert.

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