In its report for October 2022, the National Institute of Statistics and Economic Studies (STATEC) notes that groceries experienced the biggest price increase since 2007. Prices went up by 1.7% compared to September and 10.9% compared to last year.
This is notably the case for fruit and vegetables (+5%), bread and cereals (+2.7%), and dairy products (+1.9%). Price increases were also recorded for non-alcoholic drinks (+2.7%), alcoholic drinks (+1.67%), as well as coffee and tee (+2.51%).
Meat prices have meanwhile remained more or less stable (+0.65%).
Although there have also been drops in prices, they are less significant: frozen seafood decreased by 5.3% and olive oil by 1.6%.
According to the STATEC report, overall prices went up by 0.9% between September and October, which can be explained by the “significant increase of 8.8% in fuel prices.” Diesel prices increased by 7%, petrol by 5.1%, and heating oil by 8.6%.
Although the government has capped gas prices as a result of the tripartite agreement, city gas went up by 13.6% in October.
If things continue evolving in this manner, it is likely that three wage indexations will have to be made in 2023.
