Despite the turbulence on the world economy, inflation does not get carried away in France – Liberation
No shudder to report on the price side. INSEE, which has just delivered its provisional estimate of inflation in April, reports a slight price increase of 0.8 % over a year, after a similar progression observed both in March and February. In detail, this statistic would be explained « By increasing the prices of services, especially those of transport, and food, note the National Institute. Conversely, energy prices would drop again in April, while those of manufactured products and tobacco would be almost stable over a month. ” The drop in energy prices (-7.9 % in April over a year, after already -6.6 % in March) is partly compensated by the feeding prices (+ 1.2 % over one year after+ 0.6 % in March), and especially those of fresh products (+ 4 % over a year).
Since the August, The evolution of the consumer price index remains contained under the 2 %, far from the rates observed during the inflationary crisis from 2022 to 2024, fueled by tensions on the supply chains during the pandemic, then by the consequences on the prices of energy in particular of the invasion of Ukraine by Russia in February 2022. The peak was reached in France 2023, with 6.3 % One year.
While the European Central Bank (ECB) had noted its guiding rates to historical levels and at high speed to bring back inflation Around the target of 2 % in the medium termthe net lifting price in the euro zone in recent months has enabled the ECB to change policy. For the Seventh time since June 2024on April 17, it lowered its guiding rates judging « The disinflation process (…) on the right track ».
To justify this decision made while the United States of Trump Arabbase them trade tensions By noting the all-round customs duties, the president of the Frankfurt institution, Christine Lagarde, insisted during a press conference in mid-April on « Many uncertainties » and considered that « The net impact on inflation will become clear than over time ». A drop in demand could reflect inflation while a fragmentation of world supply chains could, on the contrary, push prices upwards.
Back from Washington to the United States, where the World Bank and the International Monetary Fund, François Villeroy de Galhau, was held on last week, the governor of the Banque de France said on RTL on Monday, in Europe, « There will be no additional inflation, neither this year nor next year » and added: « We do not see a recession. » Regarding the only first quarter of this year, in France, the growth has been almost zerowith a gross domestic product, a very slight increase of 0.1 %, according to another INSEE statistics published this Wednesday morning.
