2024-01-30 07:06:19
By Le Figaro with AFP
Published 25 minutes ago, Updated now
This slight increase is explained by an increase in energy expenditure (+1.7%), despite the decline in food consumption (-0.7%). Piman Khrutmuang – stock.adobe.c
French household spending on consumer goods increased slightly in December, up 0.3% over one month, mainly due to an increase in energy spending (+1.7%), and despite the decline in food consumption (-0.7%), INSEE announced on Tuesday. This small increase does not compensate for the overall drop in consumption over the last three months compared to the previous three months (-0.6%), according to the National Institute of Statistics and Economic Studies.
The decline in food spending in December comes from a generalized drop in purchases across all food consumption items – with the exception of tobacco, which increased significantly – and consolidates the drop in food consumption in the fourth quarter of 2023 ( -1.1%). Over one year, food consumption contracted by 4.7% in 2023, after a drop of 3.6% in 2022. The increase in household energy expenditure, on the other hand, continued to accelerate in December (+1.7 %), after an increase of 1% in November, driven by fuel purchases, notes INSEE.
This monthly increase does not, however, counter the overall drop in energy consumption in the fourth quarter of 2023 (-2.5%), which INSEE attributes to mild temperatures at the start of autumn. Regarding other categories of goods, consumption of manufactured goods is increasing again (+0.6%), as are purchases of durable goods, which continue to increase at a sustained pace (+1.4% in December 2023). , after +1.2% in November). On Tuesday, INSEE also revised downward household consumption of goods for November 2023, to +0.6% compared to +0.7%.
#Household #consumption #December #INSEE