HomeEconomy+13.5% in January in one year: the rebound in retail prices continues

+13.5% in January in one year: the rebound in retail prices continues

According to INSEE, prices of consumer products continued to rise in hypermarkets and supermarkets in January. The meat department is particularly affected.

Unprecedented since 1960. With inflation, the French have restricted their spending on food by 4.6% in 2022. A trend that could well continue since prices rose for the fourteenth consecutive month in January in hypermarkets and supermarkets.

On supermarket shelves, consumer goods inflation reached 13.5% year-on-year in January, after +12.2% in December. In one month, the increase was 1.1%, after +0.7% in December.

The prices of food and drink products (excluding fresh products) increased notably by 13.9% in January, after +12.7% in December, and by 1.2% in one month.

+15.9% for meats, +9.2% for drinks

The year-on-year increase was especially pronounced in meat, whose prices increased by 15.9%, compared to +14.9% for “other food products”, +11.2% for cleaning and hygiene and +9, 2% drinks.

Throughout a month, on the other hand, “other food products” were the ones that increased the most in January (+1.3% compared to December), ahead of beverages (+1.1%), meat (+1 %) and cleanliness and hygiene. products (+0.2%).

Excluding hypermarkets and supermarkets, the rise in prices reached 13.9% annual in January, after +12.3% in December. Finally, adding all channels (hypermarkets, supermarkets, convenience stores, etc.), inflation in January stood at 13.5% one year and +1.3% one month.

Author: Paul-Louis
Source: BFM TV

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