Standard of living, inflation… The morale of French households continues to decline in June


Élise Denjean, edited by Solène Leroux with AFP
modified to

9:41 a.m., June 28, 2022

In June, the indicator which summarizes household confidence lost three points and fell to 82, well below the long-term average which is 100, and lost three points over one month, specifies the National Institute of the statistics. The balance of opinion of the French on their past financial situation has lost two points compared to the month of May.

And you, do you have the moral? That of the French plummets again according to INSEE, which has just published its figures for June. An indicator that has struggled since the start of the year, it is all the more worrying since household morale is in a way the barometer of our economy. It is a key indicator: it fluctuates according to political, economic and now geopolitical events. This month, the indicator which summarizes household confidence lost three points and fell to 82, well below the long-term average which is 100, and lost three points over one month, specifies the National Institute of the statistics.

The balance of opinion of the French on their past financial situation has lost two points compared to the month of May, and the outlook for this same situation has fallen by one point. The proportion of households that consider it appropriate to make major purchases has fallen by five points.

The French seem less fearful of inflation

The share of households who consider that the standard of living has improved over the past twelve months is falling, as is the share of those who believe that this level will rise over the next twelve months, further details INSEE in its press release.

The share of households who consider that prices have increased over the past twelve months is at its highest since the summer of 2008, on the eve of the financial crisis. But the French seem less fearful of future inflation, the share of those who believe that prices will accelerate over the next twelve months continuing to fall. Finally, the fear of unemployment rebounded slightly, but remained at a very low level.


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