According to INSEE, inflation is 5.1% for one year in May 2023. Worse, food prices increased by 14.3% for one year during the same period. However, after 18 months of inflation, the price drop finally seems to have begun in June 2023. Indeed, 33% of consumer product categories have seen their prices drop since May 28, according to LSA .
“After subdued inflation since mid-May for national brands and for private labels (MDD), we are now seeing a (very) slight drop in the prices of certain brands”, comments NielsenIQ, one of the leaders in market research. and information. This decrease is explained by the reopening of negotiations between distributors and manufacturers.
A trend that seems made to last. On Thursday June 15, 2023, in its latest economic report, INSEE predicted a slowdown in price increases from the summer. The inflation rate should therefore decline slightly by the end of the year. In other words, prices will continue to rise but less rapidly than currently. If the peak of inflation therefore seems to have passed in France, this does not mean that prices will return to their level before the summer of 2021.
However, food inflation could be halved by the end of 2023 according to INSEE. Good news for households, the premises of which are already being felt in June. Discover in our slideshow below which product categories saw their prices drop the week of June 4 compared to that of May 28, 2023.
