Around six percent inflation, one can only dream of that in Germany at the moment.
In France, however, this is reality – and according to initial estimates, the inflation rate in September fell for the second month in a row.
The reason for this is courageous state intervention in the pricing of electricity and gas, which one would not actually dream of in a market economy, but which the French President, who was plagued by the "yellow vests" and was trying to get re-elected, saw as justified.
The price brakes à la française have undoubtedly had an effect, as the inflation rate shows.
The only question is whether the costs do not outweigh the benefits: savings efforts are being dampened, and the French state is already spending tens of billions to compensate energy suppliers for the difference between the high wholesale price and the regulated retail price.
Additional billions will be added in the coming year, because relief, once introduced, is politically known to be difficult to end again.
The French inflationary miracle came at a high price.