2023-12-15 09:00:23
Although the figures show slowing inflation, the French are still struggling to make ends meet. Leclerc recently indicated, in response to Bruno Le Maire, that this slowdown would not be felt until February 2024. But certain products will still increase in 2024.
Inflation will still be felt in 2024!
Certainly, the cost of living increased at a slower rate in France in November (+3.4% over one year) compared to October (+4%), with prices of services, energy, products manufactured and food products in sharp decline. However, the French will still have to face increases in current expenses in 2024. According to Michel-Édouard Leclerc, inflation on food products in the market will stop in February and March of 2024. But some Expenses will increase further, first and foremost insurance.
The insurance comparator assurland.com estimates, for its part, that the prices of car insurance might increase by around 3.5% in 2024, while those of home insurance might increase by 5 to 6%. The Minister of the Economy, Bruno Le Maire, suggested that the French compare offers to obtain more advantageous rates. Supplementary health insurance might also cost more in 2024, with planned increases of 9 to 11% for individual insurance and 8 to 12.5% for group contracts.
End of the energy shield and impact on electricity bills
Furthermore, with the government’s decision to gradually remove the energy shield, electricity prices will probably increase from February. However, the government has promised that the price of regulated electricity will not increase by more than 10% over the entire year.
In 2024, transport will also be affected by inflation. SNCF ticket prices are expected to increase, although the rate that will be applied has not yet been determined. However, SNCF group president Jean-Pierre Farandou said the rise in TGV prices would not exceed inflation. Positive news, however: Ouigo and Intercités ticket prices will remain unchanged in 2024.
Increase in toll fees, banking services…
As for motorways, an increase in tolls of less than 3% is expected in February, before a significant increase in prices in 2025. As for fuel, TotalEnergies will maintain the ceiling of €1.99 per liter in 2024 .
Inflation will also hit the banking sector in 2024, the least affected area so far. Indeed, the prices of banking services should increase by 1 to 3%, according to a study by Moneyvox. However, some banks will experience exceptional increases. For example, La Banque Postale will increase account maintenance fees by 21.4%, and Crédit Agricole Center Ouest plans a 50% increase for customers under 26 years old.
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