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Retail

Prices Of Frequently Purchased Goods In France Rise 2.9% In April: INSEE

By Dayeeta Das
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Prices Of Frequently Purchased Goods In France Rise 2.9% In April: INSEE

The prices of frequently purchased goods sold in hypermarkets and supermarkets in France rose by 2.9% year on year in April, according to the latest data from INSEE.

On a month-on-month basis, prices increased by 1.3% compared with March 2022 and by 0.4% from February 2022.

Prices increased by 0.9% over a month, after an increase of 0.7% in March, excluding hyper and supermarkets.

Taking all kinds of stores into account, the prices of frequently purchased goods increased by 1.1% in April, following an increase of 0.8% in March.

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The prices of food, excluding fresh produce, sold in hypermarkets and supermarkets rose by 1.3% on a month-on-month basis, following a 0.8% increase in March.

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On a year-on-year basis, these prices accelerated for the sixth consecutive month, INSEE noted.

Meat prices sold in hyper and supermarkets rose by 1.5% month-on-month and 3.9% year-on-year, while beverages prices increased by 1.2% compared with March 2022 and 2.3% versus the same period last year.

The prices of cleaning and personal care products rose by 1.2% on a month-on-month basis, after remaining stable in March.

The category witnessed a 1.7% rebound in prices on a year-on-year basis, data showed.

In April, French consumer confidence fell more than expected although households' concerns about inflation in the coming month eased. The data fell short of expectations on average for an improvement to 92 points in a Reuters poll of 10 economists. Consumer spending also dropped during the month on the face of record high inflation.

© 2022 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.
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