Rising Inflation in France: Impact on Consumers and Government Measures

2023-09-03 10:00:35

April 30th. On France Inter, Olivia Grégoire talked about inflation.. After a red month of March, and an uncontrollable rise in the cost of products sold in supermarkets, the Minister of Commerce imagined a green September, thanks – among other things – to negotiations with manufacturers and supermarkets. Nearly four months later, INSEE considers that the peak, the most critical moment has been passed. But after a slight drop in July, the institute measures a new price increase in August, mainly linked to the 10% increase in the regulated energy tariff. In total, over 2 years, inflation in the retail sector is above 21%. And the prices don’t go down. At the top of the pyramid, ready meals, sugar, corn, recorded an increase of 30%.

The latest LSA Appinio study shows it: ¾ of French people now have trouble making ends meet. 85% say they are worried; Including in the middle classes spared so far.

In response, the Minister of the Economy Bruno Lemaire spoke of a priority subject, obtained an agreement with distributors and manufacturers to block the prices of 5,000 products. But the crisis comes at a time when the government’s budgetary margins are almost non-existent. The executive repeated it, several times “whatever it costs”, it’s over. And the leaders of Associations are worried. the Secours Populaire measures local increases of 20% in requests for food aid.

Inflation, when the lifestyle is derailed, a report by Faustine Calmel, taken from her Alexandre James, Geoffrey Marie-Anne, and Johanna Gabric

Inflation is falling, but at what cost?Economic alternatives, 08/28/2023

Inflation: the gaps are widening between householdsLe Monde, March 29, 2023

School Supplies – It Keeps GrowingUFC-Que Choisir, 08/28/2023

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