Household morale fell very slightly in January, INSEE said on Wednesday, with the French showing a little more concern about the evolution of inflation and their standard of living in the coming months.
The indicator that summarizes household confidence stands at 99, one point less than in December, according to INSEE, thus falling below its long-term average which is 100.
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In an environment of rising prices and new restrictions imposed in January by the government to combat the spread of the Omicron variant, more households believe that inflation will accelerate in the next twelve months (+1 point), and fewer believe that their future standard of living will improve (-3 points).
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At the same time, the proportion of households considering that it is a good time to make major purchases fell in January (-3 points).
On the other hand, the fears of households concerning the evolution of unemployment remain stable but at a level "well
below its long-term average
", underlines INSEE.
