Consumer Price Index
November 7, 2024
11:55 AM
The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed basket of goods and services purchased by households. It is a key indicator of inflation, the rate at which prices are rising.
The latest CPI data from the French government’s National Institute of Statistics and Economic Studies (INSEE) shows that consumer prices in France rose by 0.5% in October 2024 compared to the previous month. This brings the annual inflation rate to 5.2%, up from 4.9% in September.
The increase in inflation is being driven by rising energy and food prices. Energy prices rose by 1.3% in October, while food prices rose by 0.6%. These increases are being passed on to consumers in the form of higher prices for goods and services.
The rising cost of living is putting a strain on household budgets. Many people are struggling to make ends meet, and some are even having to cut back on essential spending.
The government is aware of the challenges that inflation is posing for households and is taking steps to address the issue. These steps include providing financial assistance to low-income households and working with businesses to keep prices down.
However, it is important to note that inflation is a global problem and there is no easy solution. The war in Ukraine, supply chain disruptions, and other factors are all contributing to rising prices.
It is likely that inflation will remain elevated for some time to come. This means that households and businesses will need to adjust their expectations and make plans accordingly.
Here are some tips for dealing with inflation:
- Create a budget and track your spending. This will help you to see where your money is going and identify areas where you can cut back.
- Shop around for the best prices. Don’t be afraid to compare prices from different stores before you buy something.
- Buy generic brands. Generic brands are often just as good as name brands, but they cost less.
- Cook at home instead of eating out. Eating out can be expensive, so cooking at home is a great way to save money.
- Take advantage of discounts and coupons. Discounts and coupons can help you save money on everything from groceries to clothing.
Dealing with inflation can be challenging, but it is important to remember that you are not alone. There are many resources available to help you cope with rising prices.
Indice des prix à la consommation
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