Inflation at 3.4% year-on-year in October: what do the figures say about the decline in purchasing power in recent years?
As a result of the rise in energy prices, inflation jumped again by 3.4% year-on-year in October. Many French people feel a drop in purchasing power on a daily basis, but what do the figures really say?
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This text corresponds to part of the transcription of the report above. Click on the video to watch it in full. At the pump, motorists noticed it.
In barely a year, the price of fuel has skyrocketed: diesel has gone from 1.62 euros to 2.38 euros per liter. Oil products, but also gas, energy prices are jumping, with +24.1% in one year. This is the main reason for inflation, at 3.4% year-on-year in October.
A first in 15 yearsBut it's not just energy that costs more. In five years, food prices have also increased: +25%. Until 2024, the increase in salaries and state aid managed to contain this increase.
The French retained their purchasing power. But since then, wages have increased less quickly than inflation. For example, a family of two children and two adults lost on average 1,200 euros in one year.
Purchasing power is falling, for the second year in a row for some French people, a phenomenon that has not happened for 15 years.
Machine-translated from French
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- Franceinfo30 Oct, 22:32
| Publisher Franceinfo (established tier) | +76 |
| Checkable figures cited | +3 |
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| Total | 81 |
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