2023-07-28 07:34:00
The rise in prices now stands at 4.3% over one year. A clear decrease compared to the beginning of the year, when the rate exceeded 6%.
By HR with AFP
© Patrick Lefevre / MAXPPP / BELPRESS/MAXPPP
Published on
Linflation continues to decelerate. Where the rise in prices exceeded 6% at the start of the year, it is only 4.3% over one year in July (a further drop after the 4.5% in June), according to the figures communicated by INSEE this Friday, July 28. This slowdown can be explained both by a lower increase in food prices (+12.6% over one year compared to +13.7% in June) and a more marked drop than in June in energy prices ( – 3.8% after – 3%), details the National Institute of Statistics and Economic Studies, which is to publish a second estimate of the consumer price index on August 11.
Food prices slowed for the fourth consecutive month, both for fresh products (+10.4% over one year after +11.2%) and for other food products (+13% after +14.1%). Manufactured goods also rose less rapidly than in June, thanks in particular to the summer sales. Their cost increased by 3.4% over one year against 4.2% the previous month.
Services continue to grow
Conversely, the prices of services accelerated slightly (+3.1% year on year after +3%) during this school holiday period, while those of tobacco remained 9.8% higher than those in July 2022 , a percentage identical to that of June. “Over one month, consumer prices should be stable in July 2023, after +0.2% in June,” explains INSEE.
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Benchmark indicator for comparisons between European countries, the harmonized consumer price index (HICP) increased by 5% over one year in July, after rising by 5.3% in June. Despite the gradual easing of the consumer price index, the indicator remains a good distance from the 2% inflation target pursued by the main central banks of the planet.
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