2023-05-12 09:20:45
It is thus for the eleventh consecutive month on a plateau around 6%. Food prices are slowing down.
The surge in prices is not yet calming down. INSEE confirmed this Friday its first estimate of inflation in France in April, at +5.9% over one year, after +5.7% in March. It is thus for the eleventh consecutive month on a plateau around 6%.
«This rise in inflation is notably due to the acceleration in the prices of energy (+6.8% after +4.9%), services (+3.2% after +2.9%) and tobacco (+9.4% after +7.8%)“, notes the national institute of statistics. On the energy side, the prices of petroleum products are down in April, but the decrease is “less marked than that of the previous month (-1.3% after -7.4%), due in particular to a “base effect” (they had fallen sharply in April 2022 with the entry into force of the discount to the pump)», Explains INSEE. Electricity prices accelerated (+11.2% after +11.0%), while those of gas slowed markedly (+22.9% after +35.6%), “due in particular to a “base effect”».
Food inflation slows
The prices of manufactured products (+4.6% after +4.8%) and food (+15.0% after +15.9%) slowed down in April. In the detail of food inflation, fresh products saw their prices slow down significantly in April (+10.6% after +17.1%), especially those of fresh vegetables (+12.1% after +29.3 %) and fresh fruit (+9.5% after +10.1%).
Among other food products, the prices of bread and cereals increased again (+15.8% after +15.4%), as did those of sugar, jam, honey, chocolate and confectionery ( +16.3% after +15.5%) and alcoholic beverages (+8.7% after +8.1%). This is the opposite trend for meat (+14.9% after +15.5%), milk, cheese and eggs (+21.5% after +21.7%) and beverages not alcoholic (+13.9% after +14.0%).
Read alsoInflation: will food prices really drop on the shelves from June, as Borne would like?
Imminent decline?
Have we finally reached the peak announced over and over again for several months? In his latest report on the situation, published last week, INSEE said it expected a slight decline in inflation in June (+5.4%). Nevertheless, “the slight decline in headline inflation forecast for mid-2023 does not presume its evolution during the second half of the year“Warns the Institute of Statistics. On the side of the government as the Bank of France, we want to be more optimistic, anticipating a decline from the middle of the year. If inflationalready starting to decelerate“, according to Bruno Le Maire, “next summer we should see inflation slow down more significantly“, he said on CNews this Friday morning.
It is in particular on food inflation that the efforts of the executive are concentrated. Bruno Le Maire hammers it home: he wantsbreak the spiral of food price inflation by next fall“. The Minister of the Economy is counting on the extension of the “trimestre anti-inflation», to which the distributors seem favorable, as well as on the opening of new commercial negotiations between mass distribution and manufacturers. But it has so far come up against the refusal of the latter. The boss of Bercy asked them again on Friday morning on CNews “to make an effort».
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