L’First reading examination of the purchasing power bill continues in the Senate, “subject of concern number one” for the government as well as for the French. The consumer price index has just crossed the 6% mark in July (+6.1% over one year after +5.8% in June). From the rise in the minimum wage to that of the booklet A, also passing through the end of the exceptional legal frameworks in the face of Covid-19, here is what changes from Monday 1er august.
Automatic minimum wage increase
Due to high inflation, the minimum wage (minimum interprofessional growth wage) automatically increases on the 1er August by 2.01%. For full-time work, the monthly minimum wage thus goes from 1,302.64 euros to 1,329.06 euros net. The hourly minimum wage changes from 8.58 euros to 8.76 euros. This is the fourth increase in the minimum wage in less than a year, the last having taken place on 1er May, with an increase of 2.65%. In addition to the annual revaluation of the 1er January, the minimum wage is automatically increased during the year by the amount of inflation (calculated for the 20% of households with the lowest incomes) if this exceeds 2% compared to the last increase.
READ ALSOLivret A at 2% from the 1ster august
Doubling of the Livret A rate
The passbook A rate, the savings product held by the most French people, reached 2% from 1er august. This is the second increase this year, after a first doubling of the rate on 1er February, by 0.5%, a historic low, at 1%. The doubling of the rate, proposed by the Governor of the Banque de France on July 14 and accepted immediately by the government, is explained by the rise in prices observed in recent months, which reached 6.1% over one year in July.
As for the rate of the popular savings account, reserved for people with modest incomes (maximum 20,296 euros per year for a single person), it goes from 2.2% to 4.6%. We have to go back to 1998 to have a comparable rate (4.5%).
Payment of the back-to-school allowance
The back-to-school allowance (ARS) is paid at the end of August, subject to resources, to families with at least one school-going child aged 6 to 18 years. It is part of the benefits that must increase by 4% under the purchasing power bill to cope with inflation. For the start of the 2022 school year, the amount is 376.98 euros per child aged 6 to 10; 397.78 euros per child aged 11 to 14 and 411.56 euros per child aged 15 to 18.
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End of the state of health emergency
After more than two years of pandemic, the state of health emergency, an exceptional legal framework decreed in the face of the crisis, will end on 1er august. There will be few concrete consequences, the main restrictions having already been lifted. Only two measures remain on the agenda: the maintenance of monitoring which makes it possible to know the number of cases or hospitalizations, and the possibility of imposing a negative test for travelers leaving or returning to mainland France or overseas. . In addition, the scientific council, created at the start of the pandemic, will disappear but the Ministry of Health has promised to replace it quickly with a more permanent version.
Fuel Discount
The fuel discount of 15 cents/litre excluding tax, applied since 1er April has been extended until August 31.