The price of frequently purchased goods in French supermarkets and hypermarkets declined by 0.7% in November 2024, compared to the same month the previous year, according to Insee, the French statistics body.
This follows on from a similar 0.7% decline in October, the data showed.
Outside of supermarkets and hypermarkets, the price of frequently purchased goods rose by 0.2% in November, compared to a 0.3% rise the previous month.
Food And Beverage Prices
Food and beverage prices in supermarket and hypermarkets were down 0.3% in November, compared to the same month the previous year, on a par with the decline in October, Insee noted.
Within that, the price of meat was 1.8% lower (compared to a 1.4% year-on-year decline in October), the price of beverages increased by 0.5% (compared to +0.2% in October) and the price of 'other food products' was down 0.2%, on a par with the previous month.
The price of cleaning and personal care products sold in supermarkets and hypermarkets was down 2.4%, compared to a 2.5% year-on-year decline in October.
Overall, the continued decline in the cost of frequently purchased goods reflects broader stabilisation in consumer pricing, with low inflation and steady month-to-month fluctuations.
Wage Increase
Elsewhere, separate data showed that hourly wages in France grew by 2.8% in the third quarter of 2024 compared to the same period in 2023. This year-on-year increase represents a slight slowdown from the 2.9% rise recorded in Q2 2024, Insee noted.
On a quarterly basis, wages were up by 0.8% in Q3, following a 0.7% rise in the previous quarter. The consumer price index in France rose by 1.7% year-on-year in Q3, down from 2.2% in Q2.
