Over one year, it fell by 5.9% while the rise in consumer prices rose to 6.2% over the same period.
Household consumption in Francedrops sharply in October“, recording a fall of 2.8% over one month, its largest decline since April 2021, marked by health confinement, INSEE reported on Tuesday. This decrease is due toby the sharp reduction in energy consumption” which fell by 7.9% due to “particularly mild weather conditions“, but also comes from a decline of 1.7% in purchases of manufactured goods and food consumption, which fell by 1.4%, explains the National Institute of Statistics.
In September, household consumption rose 1.3%, according to a figure revised up by 0.1 percentage point. In September, energy consumption was up, as was that of manufactured goods, while that of food goods, which are currently experiencing double-digit inflation, fell for the fifth month in a row. In October, the decline in consumption of durable goods “is linked to the decline in expenditure on capital goods, in particular telephones, and, to a lesser extent, a sharp drop in purchases of new vehicles“, according to INSEE, which also reports a 4.1% decrease in clothing-textile spending, after a 5.1% increase in September.
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Over one year, compared to October 2021, household consumption fell by 5.9%, while the rise in consumer prices amounted to 6.2% over the same period, reports the Institute again. . Also over one year, expenditure on energy and refined products (fuels) fell by 11.5% and that of food products by 7.5%, while consumption of manufactured goods fell by 1.9%.
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