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In France, the tariff shield has made it possible to contain energy prices and inflation, which was 5.8% over one year in August. France is the best placed in Europe on this subject. The euro zone is at 9.1%. In the Netherlands, it is even 13.6%, because of the price of gas and electricity.
Throughout the European continent, prices are soaring. In the euro zone, in August, it was +9.1% inflation, a historic record. In the Netherlands, it is even 13.6%, due to soaring gas and electricity prices. “My son, for example, pays 700 euros in energy per month for three people”explains a retiree. So smaller budgets find it difficult to pay. The bill for a single mother has increased by a hundred euros per month.
In terms of inflation, France is not doing so badly with 5.8%. It is 8.8% in Germany, around 10% in Portugal and Spain, and even up to 25%, a record, in the Baltic countries. Interest rates should continue to rise. Energy prices could fall, but not for another year. For the time being, inflation should remain high.