Recovery, but with constraints Economic outlook - December 2021

 

Conjoncture in France
Paru le :Paru le17/12/2021
Conjoncture in France- December 2021
Consulter

Focus - The rise in energy prices weighing on household budgets

Consumer prices of gas, vehicle fuel and, to a lesser extent, electricity increased sharply between December 2020 and October 2021, by about 41%, 21% and 3% respectively. Fuel prices came close to the levels they had reached in autumn 2018, while those of gas exceeded them. These rises are already resulting in slightly tighter budgets for all households, as the share of their spending dedicated to energy was half a point higher in Q3 than its average over the past 15 years. In October 2021, the rise in prices since the start of the year resulted in additional monthly energy expenditure of a little over €40 on average per household, of which €20 for fuel. However, fuel prices were relatively low at the end of 2020 due to the health crisis. If the comparison is made with November 2019, which is to say prior to the crisis, the additional cost is less: about €30 in October 2021, of which €8 for the price of vehicle fuel.

Conjoncture in France

Paru le :17/01/2022