Inflation: Savoy pays a high price

 

In recent months, it seems that inflation in France is slowing down after two years, which was influenced by the sharp increase in food products, which affected our territory in particular.

Between September 2022 and September 2023, it was mainly food prices that pushed inflation up in France. We remind you that it reached 5.2% in 2022, which is a record (1.6% in 2021) and 4.9% in 2023. Although food prices are rising everywhere, they vary depending on the territory. And this is reflected in the household basket. In this respect, the Savoy departments were greatly affected.

“In Haute-Savoie and Savoy, the France Info basket increased by 7.17% and 7.83% between November 2022 and November 2023, but decreased by 1.58 points and 1.99 points between October 2023 and November 2023.”

Our department is among the 20 most expensive in France

According to the “France Info shopping basket”* and the “price index map by department” established by NielsenIQ (a company specialized in monitoring household consumption) at the end of March 2023, Haute-Savoie was the 11th most expensive department. in France, at the height of this inflationary increase.

Its index was 104.9 (the national average is expressed in a base of 100), with prices 4.9% higher than the French average. In Savoy, according to the same sources, they were 2.2% higher than the national average. The department was then ranked 19th among the most expensive in France with an index of 102.2.

In 2023, again according to NielsenIQ, the map highlighted “the Paris-Lyon-Marseille axis more expensive than the national average, as well as the Southeast,” according to the department. Among the explanations put forward for particularly high food prices in the Alpine region: higher transport costs.

“For example, you have to go through a passport to deliver, so inevitably there are consequences in terms of fuel costs, which we find in the consumer price,” Emmanuel Cannes, an expert on “prices” and inflation, analyzed for France Info. ” at NielsenIQ.

At the beginning of 2024, it seems that calm is coming. Over the course of one year, according to INSEE’s preliminary estimate, consumer prices would increase by 2.3% in March 2024 after +3.0% in February. This decline would be due to a slowdown in price growth for various items over the year, with food leading the way: +1.7% in March to +3.6% in February 2024. However, they still remain high overall!

*This basket consists of 37 products of daily use (excluding fruit and vegetables), the price development of which made it possible to monitor the impact of the increase on households in 2023.


Nadia Lemaire

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