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Purchasing power: on paper, everything is fine

2024-01-24T19:29:24.121Z

Highlights: In 2023, despite high inflation, purchasing power per consumption unit would have increased by 0.3%. By mid-2024, against a backdrop of slowing price increases, the forecast increase would already be 0.8%. Despite these reassuring figures, the French place purchasing power at the top of their concerns. It is not just a question of feeling, distorted by the frequency of food shopping - prices have soared by 12% on supermarket shelves over the past year. Not only are the Trente Glorieuses with their constant progression in living standards well behind us, but the INSEE averages hide, in a period of rising…


Despite the generosity of aid, many families have had to tighten their belts for two years.


Why so much tension around purchasing power?

According to INSEE data, everything is going pretty well.

In 2023, despite high inflation, purchasing power per consumption unit would have increased by 0.3%.

By mid-2024, against a backdrop of slowing price increases, the forecast increase would already be 0.8%.

Even in 2022, a year of crisis against the backdrop of the war in Ukraine, it had only decreased by 0.4%.

Despite these reassuring figures, the French place purchasing power at the top of their concerns.

It is not just a question of feeling, distorted by the frequency of food shopping - prices having soared by 12% on supermarket shelves over the past year.

Despite the generosity of aid, many families have actually had to tighten their belts for two years.

Not only are the Trente Glorieuses with their constant progression in living standards well behind us, but the INSEE averages hide, in a period of rising…

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Source: lefigaro

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