Prices of food and beverages soar in France

By Al Mayadeen English
Source: News websites
13 Aug 2023 19:09

The price of meat rose by 11.3% in France, according to recent data published by the French national statistics bureau INSEE.

Shoppers stroll the fruits and vegetables area in the new Carrefour store in Ecully, near Lyon, central France, Wednesday, August 25, 2010. (AP)

RT reported, citing recent data published by the French national statistics bureau INSEE, that prices for food and beverages in France soared by 13.1% in July compared to last year.

Notably, the prices of meat and beverages experienced sharp rises of 11.3% and 10.1%, respectively. Additionally, other food products witnessed increases of up to 15%, while consumers faced a 9.4% uptick in the costs of cleaning and personal care products.

While inflation remains a key concern, the annual inflation rate in France for the previous month stood at 4.3%. This represents a decline from the record 4.5% spike observed in June, aligning with preliminary estimates and marking the lowest rate since February 2022. Analysts attribute this easing of inflation to decreases in energy prices and more controlled hikes in the costs of food and manufactured goods.

Back in May, a study revealed that 16% of French people said they did not have enough food to eat at the end of last year.

The ratio has risen dramatically in the first half of 2023, rising from 12 to 16 percent, according to the Research Center for the Study and Observation of Living Conditions (Crédoc). This means that more than 10 million of France's 68 million people do not get enough food.