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is purchasing power declining in France?



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is purchasing power declining in France?

He was at the heart of the presidential campaign debate. But where is the purchasing power of the French currently?

Is the purchasing power of the French deteriorating? Purchasing power is the difference between the evolution of household income and the evolution of prices. And he’s not backing down. It has even been increasing gradually over the past twenty years. The financial crisis of 2008 markedly slowed down this increase in purchasing power. After 10 years of stagnation, it seems to be regaining dynamism under Emmanuel Macron’s five-year term.

“Purchasing power over 5 years has increased, on average, by 0.9% per year. This represents an average annual gain of 300 euros”says Mathieu Plane, deputy director at the OFCE. On the other hand, concerning the lowest incomes, nearly two million people would have lost 280 euros per year over the past five years. The impact of the war in Ukraine, particularly on energy prices, could further erode the purchasing power of the poorest French people

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