The decline in food prices in France continues, but begins to slow

Published 2021년 11월 2일

Tridge summary

October marked a slowdown in the deflation of food prices, with the rate of decrease falling to 0.24% from September's 0.54%, according to panelist Iri. The annual deflation rate also saw a decrease to 0.49%, down from 0.57% the previous month. This shift is largely due to an increase in the prices of raw materials, such as wheat, which has led to higher costs in categories like pasta and flour. Additionally, there has been a rise in the costs of packaging, agricultural raw materials, energy prices, and transport, which could result in higher prices for a wide range of products in the future.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It is still time for food prices to fall in October, but for how long? According to the latest figures from panelist Iri on supermarkets, cited by LSA Conso, deflation began to slow down last month: the prices of consumer goods fell by 0.24% over one month, against -0.54 % in September. Private labels are even on the rise (+ 0.17%). In hypermarkets, drives, convenience stores or supermarkets, "all concepts are on this trend," says Iri. Year on year, deflation is also slowing, with prices falling by 0.49% in October, compared to a drop of 0.57% the previous month. "The increase in the price of raw materials is increasingly visible in categories such as pasta and flour," explains Iri. Driven by the rise in the price of wheat, pasta prices have indeed climbed by 1.77% over the year (+ 7.86% for private labels and + 25.17% for first prices), while those of flour gain 0.84% (+ 3.58% for the first prices). Rise in the prices of packaging, agricultural raw materials, energy prices, ...

Source: Bfmtv