Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Alex Ledsom

The French aren’t spending. Inflation is down, but people aren't opening their wallets. Here's why

(Credit: ROMAIN COSTASECA/Hans Lucas/AFP via Getty Images)

Over 2024, inflation fell in France and currently stands at 1.6%, considerably lower than 5.2% in 2022 and 4.9% in 2023, as the National Institute of Statistics and Economic Studies (INSEE) reported.

And there was a gleeful bump in summer due to the Olympics effect, and some companies have had a good year. Carrefour, for example, said in November that it had won back market share from its rivals, and Hermès, unlike some of its luxury competitors, had a 10% jump in sales in the third quarter.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.