Inflation: Food prices are skyrocketing, but good news may be ahead

In March 2023, France recorded a marked slowdown in inflation, which stood at 5.6%. However, prices continue to climb on the shelves of supermarkets.

Supermarket groceries increasingly expensive even as inflation slows. Consumers experienced a paradoxical month of March.

Thus, according to the monthly study by Circana, the prices of consumer products rose by 1.8%. This is the largest inflationary surge since 2021. Over one year, inflation amounts to 16.2% on these products.

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The outbreak particularly affects food with an increase of 15.8% pointed out by INSEE, including 16.6% for fresh products.

reasons for hope

However, not all lights are red. INSEE establishes a clear global slowdown in inflation, which is now 5.6% over one year, once morest 6.3% in February.

Main good news, the fall in inflation with regard to energy, driving the general rise in prices in progress.

This is only 5% in March 2023, compared to 14% in February 2023. At the height of inflation, energy prices rose by 29%.

This gives us hope for a future normalization of the situation.

Especially since at the same time, the rise in the prices of manufactured goods and services stabilized compared to the previous month.

And that food is projected to follow the same trajectory in the second half of 2023.