2023-10-14 12:00:37
The alarming inflation figures
INSEE recently revealed an increase in consumer prices of 5.6% over one year. Although this increase is slightly lower than the previous month, it is nonetheless worrying. According to a study by Panorabanques, nearly 60% of consumers felt a reduction in their financial capacity in 2023. Even more striking, 96% of those surveyed believe that this inflation has harmed their purchasing power.
Inflation is not just an abstract economic concept. It translates concretely into a financial loss for households. This year, this loss is estimated at 120 euros per month, an increase of 7% compared to the previous year. For those who earn less than 1500 euros per month, this loss can even exceed 200 euros. The main causes? Rising prices for food, energy and fuel.
The adaptation strategies of the French
Faced with this situation, the majority of French people are adopting a strategy of reducing spending. 82% of them chose to limit their purchases to counter the effects of inflation. This reflects an economic reality where individuals must make more prudent choices regarding their spending.
Only a third of those surveyed said they were using their savings to compensate for the loss of purchasing power. However, despite these challenges, the French seem to be handling the situation with resilience. The percentage of people overdrawn did not increase compared to the previous year, and the average overdraft amount even decreased.
In conclusion, inflation remains a major challenge for the French. However, their capacity for adaptation and resilience in the face of this situation is to be commended. It is essential to continue to monitor the evolution of inflation and to put in place measures to support the purchasing power of households.
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