Consumer Prices in French Retail Increase by 5.9% Year-on-Year in December 2023

The National Institute of Statistics and Economic Studies (Insee) reports a 5.9% year-on-year increase in consumer prices for fast-moving consumer goods sold in large-scale retail in December 2023. This marks the eighth consecutive month of a slowdown in price growth.

In December 2023, consumer prices in large-scale retail decreased by 0.2% compared to the previous month, following a 0.1% increase in November. The extended large-scale retail sector also saw a 0.2% decrease, mirroring the trend in November.

When considering all forms of sales, consumer prices for fast-moving consumer goods decreased by 0.2% on a monthly basis. However, compared to December 2022, prices increased by 5.9%, displaying a deceleration from the 7.0% rise observed in November.

Key Highlights:

  1. Year-on-Year Variation: Prices in large-scale retail increased by 5.9% in December 2023, compared to a 7.0% rise in November.
  2. Food Prices: The year-on-year price increase for food in large-scale retail slowed for the eighth consecutive month, reaching 6.6% in December 2023, down from 7.5% in November.
  3. Product Categories: Meat prices saw a year-on-year increase of 4.6%, while beverage prices rose by 6.0%. Other food products recorded a 7.6% increase over the same period.
  4. Non-food Products: Prices for cleaning and hygiene-beauty products in large-scale retail increased by 2.5% year-on-year in December 2023, down from 4.1% in November.

For more detailed information, refer to the Insee indices of consumer prices, which provide insights into the variations in prices in different categories and distribution channels.