Since the 1960s, France has experienced only three years of falling purchasing power, each time marked by a clear erosion of household confidence.
These shocks were caused by different events.
In 1984, purchasing power fell by 1% after President Mitterrand's "rigor shift".
In 2012, it fell by 0.4% following the upheavals of the 2008 crisis and the Fillon government's austerity plans.
And, in 2013, it fell by 1.2% due to the explosion of fiscal pressure at the start of the Holland five-year term.
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2022 could unfortunately complete this dark picture.
The purchasing power of the French indeed drops when disposable income, that is to say their salaries plus benefits less the taxes they pay, increases less than prices.
However, inflation reached 4.5% in March and seems set to remain at a very high level for many months.
Due to uncertainties about the consequences of the war in Ukraine on the economy…
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