A confirmation.
The price of gas, pasta, gasoline… every day, or almost, a pole of expenditure for French households seems to be increasing in recent weeks.
Confirmation of this trend which is weighing on purchasing power, while we barely seem to be emerging from an unprecedented health crisis, the new inflation figures published this Wednesday morning: prices increased by 1.9 % in one year, after an increase of 0.6% over one month in August.
The minimum wage will therefore see an automatic increase on October 1, due to a 2.2% increase in the price index serving as a basis for possible revaluations, according to the figure published on Wednesday by INSEE, which confirms by elsewhere an acceleration of 1.9% in inflation in August over one year.
"This rise in inflation results in particular from the rebound in the prices of manufactured products (+ 1.1% after -1.1%)", those of energy, food and services, explains the Institute. national statistics in a press release.
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This is obviously worrying for the French but also for the government, which fears that this surge in prices will hamper the economic recovery and above all fuel even more the ambient social rumble.
Over one year, consumer prices increased by 1.9%, after + 1.2% in July. This rise in inflation results in particular from the rebound in the prices of manufactured products (+ 1.1% after −1.1%). Food prices (+ 1.3% after + 0.9%), energy prices (+ 12.7% after + 12.3%) and to a lesser extent those of services (+ 0, 7% after + 0.6%), accelerated over one year. The rise in tobacco prices continued, over one year, at the same pace as the previous month (+ 5.1%).
As a reminder, on September 1, gas prices soared by almost 9%, as for the pump, the price of gasoline is dangerously approaching the symbolic bar of 2 euros per liter ... More generally, it is the cost staple foods (bread, pasta, etc.) which is also likely to take off in the coming weeks, due to a shortage of durum wheat, the main ingredient. In particular, climate change, illustrated this summer by the dome of heat which hit Canada as well as the bad weather which affected part of Europe.
