In the short term, everyday products will even continue to increase. Aline Morcillo / Hans Lucas via Reuters Connect
ANALYSIS – Tariffs will not return to their pre-crisis level, with rising wages producing a ratchet effect.
In January, prices rose by 0.4% over one month and 6% over one year, INSEE confirmed on Friday. The rise in inflation is mainly due to a rebound in energy prices (+16.3% in January year on year, after +15.1% in December) and an acceleration in food prices ( +13.3%, after +12.1%). The prices on the shelves have not ceased to waltz since the start of the war in Ukraine. In one year, the labels of milk, cheese and eggs have soared by 19%, those of meat and fresh fish by 15%. Thus, a one-liter bottle of Carrrefour brand sunflower oil today costs 3.39 euros, compared to 1.85 euros in October 2021, after the first wave of increases in the summer.
Read alsoHow Inflation Wins All Everyday Life Purchases
You still have to pay 1.79 euros now for a 1 kg packet of Auchan brand spaghetti, compared to 1.04 euros in October 2021 and 80 cents in the summer of 2021. Of course, wages are increasing, but not at the same pace. And despite the multiple aids…
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