Food Prices Continue To Rise, INSEE Reports

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Nancy Heslin   Forbes Monaco

Food Prices Continue To Rise, INSEE Reports

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%.

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Nancy Heslin   Forbes Monaco

Nancy Heslin is an established journalist and lifestyle writer. She has been the Editor-in-Chief of Forbes Monaco magazine (bimonthly in English) , since the magazine's 2nd issue . Launched in November 2018, Forbes Monaco is part of the Forbes family, with its 7 million readers and 71 million monthly website visitors worldwide.