top cx logo
cx logo
Explorearrow down
search icon

Food prices expected to be up 6.3% in a year in France in June

It comes after an already-high rise of inflation generally of 4.8% for the month of April compared to April 2021. May is expected to reach 5%

A hand placing a toy block with a % sign on it on a wooden ‘staircase’ to symbolise rising inflation

Inflation is set to rise further this and next month after already-high levels and April and existing spending pressure on households Pic: Monster Ztudio / Shutterstock

Food prices are expected to be up by 6.3% year-on-year in June - and general inflation up 5.4%, new figures from France’s state statistics organisation suggest. 

Inflation has already reached high levels but is expected to continue rising, with consequential price and production increases, the statistics and economics institute Institut national de la statistique et des études économiques (INSEE) stated on May 9. The figures they give are:

  • April: Inflation hit 4.8%, year on year

  • May: Expected to exceed 5%

  • June: Expected to hit 5.4%

However, increases in the real price of energy are set to slow slightly (with a rise of 26% expected in June compared to 29.2% in March year on year). Regulated gas and electricity tariffs are currently capped, but bills which are based on the market rate are still subject to these price rises. 

Read more: French inflation at 4.8% year on year to April 

INSEE said: “Increases have already started to be passed on, albeit partially and gradually, to consumer prices. This trend is expected to continue in the coming months.”

It added that without the ‘tariff shield’ (bouclier tarifaire price limits) on gas and electricity, and the fuel ‘refund’ of 18 centimes on the litre, inflation would be set to reach a 7% year-on-year increase in May.

It means household purchasing power is still falling. It is expected to fall by 0.5 percentage points in the second quarter of the year, after having already fallen by 1.5 percentage points in the first quarter. 

This is partly explained by the comparison effect of the ‘inflation bonus’ payment that was recorded in the fourth quarter of 2021, artificially boosting the spending power of lower income households for that period.

It comes as pawnshops in France have seen an increase in use as people seek a “quick and easy fix” to get more cash.

Read more: Boom in business at France’s ‘official’ pawnshops: How do they work?

Rising inflation is being driven by shortages due to the war in Ukraine, as well as China’s zero-Covid policy, and the economy’s post-Covid recovery.

Related articles
Inflation remains concern for 2022 no matter who is French President 

Shoppers in France favour budget supermarket items as inflation rises

How have people in France spent their inflation bonus cheques?  

Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
featured helpguide
Income Tax in France 2023 (for 2022 income)*
Featured Help Guide
- Primarily aimed at Britons, covers pensions, rent, ISAs, shares, savings and interest - and contains general information relevant to readers of other nationalities - Overview of online declarations + step-by-step guide to the French printed forms - Includes updates given automatically after this year's site opened
Get news, views and information from France