2023-06-30 09:30:10
The rise in prices slowed for the second month in a row in France, posting 4.5% over one year in June after 5.9% in April and 5.1% in May, indicated Friday June 30 the ‘Insee in a first estimate.
For the first time since April 2022, the indicator therefore falls below 5%, thanks to a slowdown in the rise in food prices and a 3% decline over one year in energy prices, details the National Institute of Statistics and Economic Studies in its press release.
Lower energy prices
This new fall in inflation “would be due” to the decline in energy prices, and in particular oil, indicates INSEE, as well as to the slowdown in food prices.
On the other hand, the price of services continues to increase at the same pace as the previous month, while that of manufactured goods climbs even faster than in May, mainly due to the later start of the summer sales in 2023.
3,000 billion euros of debt
In addition, France’s public debt exceeded the symbolic threshold of 3,000 billion euros for the first time in the first quarter, rising to 112.5% of gross domestic product (GDP), against 111.8% at the end of the year. end of December 2022, indicated the same day INSEE.
The country’s public debt, which has increased massively since the health crisis, further increased by 63.4 billion euros to reach 3,013.4 billion in absolute value at the end of March, detailed the National Institute statistics.
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