Consumer prices rose 2.8% in December, the same increase as in November, INSEE said on Friday, confirming its first estimate published in early January.
The December inflation figure should be used as a basis for calculating the pay rate for the Livret A, whose level of revaluation is to be announced on Friday by the Minister of the Economy Bruno Le Maire.
The highest price increase since 2008
The level of price increases in France is the highest since 2008. The government has taken one of the measures to limit the effects of inflation for low-income households and has imposed a limit on the increase in electricity prices. at 4% in 2022 for all individuals.
In detail, energy prices fell in December by 0.9% over one month, and 2.2% for petroleum products, detailed the institute. Over one year, they are still showing an increase of 18.5% and 22.6%. The prices of manufactured products and food have also accelerated.
Strong rebound for fresh products
The prices of manufactured goods are up 1.2% year on year, mainly due to clothing and shoes, but also toys and major household appliances. Food prices for their part climbed 1.4% in December over twelve months, with a sharp rebound for fresh products (+ 3.3%), including fresh vegetables (+ 3.5%) after a drop in November. Fresh fruit and fish have seen their prices slow down.
Also in the food department, the prices of bread and cereals accelerated by 1.7%, due in particular to the increase in the price of pasta, at the same pace as the price of meat. Finally, the harmonized consumer price index (HICP), calculated differently and which serves as a basis for comparison at European level, was also confirmed in December at + 3.4% over one year, as in the previous month.