2023-10-31 08:01:23
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“It’s a success for the government’s economic policy,” said the Minister of the Economy on Tuesday.
Published on 10/31/2023 09:01 Updated on 10/31/2023 09:16
Reading time: 1 min A woman goes shopping in a supermarket, October 9, 2023, in Paris. (RICCARDO MILANI / HANS LUCAS / AFP)
Inflation slowed significantly in France in October, standing at 4% over one year, after 4.9% in September, according to provisional data communicated Tuesday October 31 by INSEE. This drop in inflation is due to the slowdown over one year in the prices of energy, food and, to a lesser extent, manufactured products, according to INSEE.
“We are emerging from the inflationary crisis”reacted the Minister of the Economy, Bruno Le Maire, welcoming “a success for the government’s economic policy which spared French households, alone among all European countries, from double-digit inflation rates for several months.”.
Less triumphant, her colleague in charge of Trade, Olivia Grégoire, estimated that “we cannot be satisfied with still high inflation, particularly on food products, even if it has been slowing down for several weeks.” The delegate minister said she wanted “amplify this movement by anticipating commercial negotiations to have, from the start of 2024, a visible price drop on a certain number of products”.
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