Prices that keep rising, and increases that are accelerating. According to INSEE’s first estimate, inflation accelerated in October in France, with a price increase of 6.2% over one year. In August and september
e, prices had continued to rise
, but slower than in previous months. This level of inflation has not been seen since 1985, that is 37 years.
Energy and food prices are skyrocketing
This rise in inflation would be due to the acceleration in the increase in the prices of energy, food and manufactured products, specifies the National Institute of Statistics and Economic Studies.
The rise food products, to which the poorest households devote a larger share of their income, is particularly strong in October, at 11.8% over one year and even 16.9% for fresh products.
The prices of energy increased by 19.2% against 17.9% in September and this, despite the extension of the rebate at the pump by the government.
Manufactured goods recorded an increase of 4.2% while the prices of services (3.2%) and tobacco (0.3%) increased at the same rate as the previous month.
Over one month, consumer prices should increase by 1%, after -0.6% in September. Still over one month, energy prices should rebound in the wake of oil product prices. Those of services should be stable, while food prices should accelerate and those of manufactured goods should slow down slightly.