2024-07-31 06:53:58
This improvement is explained by “a sharp acceleration in energy prices, in particular of gas,” indicate national accountants.
In the heart of summer, inflation is addressed. This Wednesday, INSEE showed that the annual inflation increased slightly in July to 2.3%, compared to 2.2% in June. A dynamic which can be explained by “a sharp acceleration in energy prices, especially gas, which will be partially offset by a decrease in the prices of services and food”.
As a reminder, last June, the rate calculated by INSEE was 0.1% over a month and 2.2% over a year. Stability is explained by the decrease in energy and food prices, which offsets the increase in the prices of goods and production services. The increase in prices has slowed down significantly, even returning to the lowest level since September 2021.
Despite the slight increase observed in July, inflation should soon fall below 2%, according to various estimates. In their latest economic reportPublished this month, national accountants wrote to predict an increase in the rate this summer, “by the fundamental impact on energy and due to occasional increases in the cost of transport services, during the Olympic and Paralympic Games in Paris”. Then, “Under the assumption of the barrel price of Brent frozen over the forecast period at 79 euros, inflation will decrease below +2% in the fall and will settle at +1.9% over a year in December 2024. Same note for Banque de France: plus “fly”, “Inflation will fall back below the 2% threshold in early 2025 and then decline significantly during the year”estimate the institution’s experts, is their latest macroeconomic forecasts.
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