Inflation affects consumption

This is a first for a year, which brings a little comfort in an economic context that is still very uncertain. Price inflation slowed slightly in August compared to the previous year, to stand at 5.8% against 6.1% in July, according to INSEE data, published on Wednesday. And this drop would belinked to the slowdown in energy prices“, underlines the Institute of statistics. However, with this drop, France is not out of the woods on the soaring inflation. “It’s probably transient. I am careful not to speak of the beginning of a phase of disinflationinsists Patrick Artus, Chief Economist at Natixis. The INSEE experts, too, remain “cautious in the analysis. Because the slowdown we are seeing is mainly due to the drop in oil prices“, which can go up at any time, specifies Sébastien Faivre, head of the consumer price division.

In any case, the very expensive budgetary shields put…