For years, inflation rates have largely stayed below targets in developed nations despite economic growth, but the pandemic has changed the equation. In France, the annual consumer inflation index is now at 3.4 percent, a 13-year high driven largely by skyrocketing energy costs. Fuel prices at French pumps are currently at all-time highs. With energy prices wreaking havoc on budgets, many French households are changing their habits. We take a closer look.
For some insight on how inflation is affecting French society, we speak to Sandra Hoibian. She leads the society division of Crédoc, the Research Centre for the Study and Observation of Living Standards.
