Expected to rise in December, inflation is finally slowing down.
For the last month of the year, the rise in prices reached 5.9% over one year, according to provisional data from INSEE, published on Wednesday 4 January.
By comparison, the rate was 5.6% in September and then 6.2% in October and November.
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This month of December concludes a 2022 vintage which could be qualified as “
annus horribilis
” in terms of inflation.
Long sluggish, the rise in prices has made a comeback, particularly in Europe where the war in Ukraine has shaken up an already strained energy market.
We have to go back to the 1980s to find comparable levels.
If the figure seems high, France is doing better than its neighbors.
Across the Rhine, the rise in the price index reached 8.6% over one year in December, according to figures from the national statistics institute Destatis, published the day before, Tuesday, January 3.
More information to come...