China News Agency, Paris, March 31 (Reporter Li Yang) Economic data released by the French official agency on March 31, local time, showed that France's consumer price index (CPI) in March this year increased by 4.5% year-on-year.
The French Ministry of Labor announced on the same day that it would raise the minimum wage.
The initial value of economic statistics released by the French National Institute for Statistics and Economic Research on the same day showed that the French CPI increased by 4.5% year-on-year in March.
The month-on-month increase was 1.4%, the highest since the 1980s.
Analysis believes that high CPI is directly related to rising energy prices.
In addition to rising energy prices, food prices also rose faster than expected, and fresh produce prices continued to climb.
Commodity prices will also lead to high production costs for related companies.
In addition, service costs, etc. remained stable, and tobacco costs decreased slightly.
The French CPI has risen for several consecutive months, with a year-on-year increase of 2.9% in January this year and a year-on-year increase of 3.6% in February.
Official forecasts for inflation in the months ahead remain prominent.
The French newspaper Les Echos, citing economists' analysis, pointed out that household spending will be affected due to inflation, and officials should take measures to prevent a decline in purchasing power.
The French Ministry of Labor announced on the 31st that it will raise the minimum wage standard to deal with the current persistent high inflation problem.
According to the arrangement of the Ministry of Labor, the French minimum wage will be automatically raised by 2.4% to 2.6% from May 1, and the after-tax salary increase should be 30 to 35 euros per month.
France's minimum wage has been raised in two rounds since October last year, by 2.2% and 0.9% respectively.
Les Echos said that unless inflation climbs "very strongly" in the coming months, the minimum wage will remain in place until January next year.