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At 1.6% in 2021, inflation has seen its strongest rise since 2018 according to INSEE


As a result of the recovery in global demand for energy and raw materials, prices have increased in France over the past year.

Shopping weighs more at the checkout and the wallet is much lighter at the end of the month.

Inflation in France peaks at 1.6% for the whole of 2021 on annual average, according to figures released this Friday by INSEE.

This price increase is the highest recorded since 2018. It mainly reflects the soaring energy prices and the rise in the prices of manufactured goods observed in recent months, following the economic recovery.

Consumer prices, calculated in comparison with the previous year, had increased by 0.5% in 2020, a year marked by the appearance of the Covid-19 epidemic, by 1.1% in 2019, and by 1.8% in 2018, adds the National Institute of Statistics.

2.8% in December

With the arrival of vaccines, States have relaunched the productive machine, almost all of which demand electricity and raw materials at the same time, which increases prices.

Added to this were border disruptions and labor shortages in some sectors.

A situation described as temporary by the Minister of the Economy Bruno Le Maire, but which could last several years.

In December, consumer prices rose by 2.8% confirming the trend, far from fading for the moment.

To imitate the impact on purchasing power, the government has announced numerous one-off measures, including limiting the rise in electricity prices to 4%.

Large-scale distribution, for its part, has engaged in one-upmanship of commercial gestures.

The latest, the baguette at 29 cents from Leclerc.

A means of attracting customers which greatly annoyed traditional bakers, while the prices of bread and cereals jumped 1.7%, due in particular to the rise in the price of pasta, at the same rate as the price meat.

Source: leparis

All business articles on 2022-01-14

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