Inflation: meals, vitality, transportation… which goods and services are most affected?
Consumer worth progress in France accelerated once more in October, +6.2% over the 12 months. But which merchandise have grown the most and in which sectors?
French households are primarily affected by worth will increase… and regardless of having the bottom inflation fee in the whole euro space, France will not be proof against this regular enhance, in keeping with estimates printed by the European Union’s statistical workplace. Products According to provisional knowledge printed by the National Institute of Statistics and Economic Studies (Insi), after a two-month slowdown, this enhance in shopper costs accelerated once more in October, + 6.2% in a 12 months.
We have to return to June 1985, a month that recorded a year-over-year worth enhance of 6.4%, to search out inflation ranges increased than this primary estimate. This enhance in inflation might be on account of acceleration within the rise in costs of vitality, meals and manufactured goods, INSEE stated in a press launch. But which class and product costs are growing the most?
Meat, oil, pasta… affected meals
It is the most vital merchandise of expenditure for households… Food represents 11% of the French price range. And in keeping with panelist NielsenIQ, the merchandise with the best worth will increase are frozen meat and poultry (+28.57% in comparison with October 2021), paper towels (+23.48%), pasta (+20.36%), oil (+19.35%). ) %) and bathroom paper (+17.92%).
Growth in meals merchandise, the place the most widespread households dedicate a big portion of their revenue, was significantly sturdy in October, up 11.8% over the 12 months and even 16.9% for contemporary produce. Already talked about by INSEE in September for contemporary greens (+17.7%), contemporary fish (+16.5%), milk, cheese and eggs (+12.6%), meat (+11.0%) and bread and cereals (+9.9%) )
Gas and electrical energy are at all times up
Electricity costs for his or her phase rose by 19.2% in October from 17.9% in September, regardless of the federal government’s enhance in pump obligation. In September, diesel costs rose from +29.4% to +19.1% and gasoline costs additionally fell again (+13.4% after -2.3%). On the vitality facet, fuel costs accelerated 30% 12 months over 12 months in September and electrical energy costs accelerated +10.7% after +7.7% in August. But in keeping with the primary estimates in October, we perceive that regardless of the help, vitality costs should rise.
Home Appliances, Manufactured Products and Health…
Manufactured goods costs rose 3.6% in September. An acceleration in costs which, in keeping with INSEE, resulted from a decrease decline in well being product costs (-0.9% after -1.3%) and a rise in costs of different manufactured goods. Prices of non-durable family goods (+9.8%), backyard, plant and flower merchandise (+3.0%) and main family home equipment (+5.8%) accelerated considerably.
Growth on the transport facet is slower
On a year-on-year foundation, service costs rose 3.2% in September, in keeping with INSEE Prices for transport services fell (+8.6% after +15.3% within the earlier month), particularly air transport (+39.8% after +23.1%) and highway transport (+11.6% after +5.5%). Rent, water and family waste assortment elevated (+2.0%).