DECRYPTION – After fuel and food, most sectors are affected by soaring prices. Most of the upside is yet to come.
Like an uncontrollable virus, the rise in prices is spreading to all the expenditure items of the French. Fuel prices have skyrocketed, penalizing motorists. Those of food shopping began an ascent in March that is not about to end. In supermarkets, customers pay an average of 3.8% more for their basket than a year ago. Distributors expect this inflation to reach 7% to 10% by the end of the year.
These constrained expenses are far from being the only ones to progress and to strain the budget of the French. Clothing and shoes are already 4.3% more expensive than in 2021, according to INSEE. Overall, prices for manufactured goods rose 3.2%. This average hides strong disparities between sectors. Ikea announced in January its intention to raise prices by 9% worldwide in 2022. This was before the war in Ukraine. A DIY player acknowledges having already increased its prices by 6% to 7%. Those…
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