France’s national statistics agency, INSEE, published today an overview of price trends for July. At first glance, food prices have hit double-digit inflation.
With an increase in the price of certain oils, all fats, margarines and butter cost on average 21.2% more than a year ago. For flour, the average increase is 18.4% while pasta costs 16.7% more.
A surge in the cost of cereal, feed purchased from breeders and drought have impacted the price of meat and poultry, with the symbolic bar of 10% inflation crossed for beef and veal (+10.2%) and lamb (+10.3%). Chicken has increased almost 15%. Eggs also shot up +9.8% in July.
Fishermen may not be affected by drought but they have had to pay more for diesel and, as a result, the average price of fish costs 17.2% more than a year ago. Even frozen food is up +8.9%.