China News Service, Paris, April 16 (Li Yang and Li Yue) According to official data released by the French National Institute for Statistics and Economic Research (INSEE) on the 15th, the French consumer price index (CPI) rose by 4.5% year-on-year in March this year.
Sales of flour and edible oils in the French market rose due to persistent inflation.
Official data showed that the French CPI continued to rise.
After the French CPI rose 3.6% year-on-year in February, the French CPI rose 4.5% year-on-year in March and 1.4% month-on-month, the highest level since 1985.
According to French media reports, the rise in CPI is particularly reflected in energy prices and food prices.
Affected by the conflict between Russia and Ukraine, French energy prices rose by 21.1% in February, and energy prices in March rose again by 29.2% on this basis.
Food prices have also risen, with French food prices rising 2.1% in February and 2.9% in March, while fresh produce prices have risen 7.6% in a year.
The report said that due to rising prices and the risk of potential shortages, some French people began to stock up on flour and cooking oil.
According to the French retail professional magazine "Consumer Weekly" citing independent data, from April 4 to 11, French people bought a lot of flour and edible oil. The sales of flour increased by 57.4% compared with the same period last year, and the sales of edible oil increased compared with the same period last year. 55%.
This has caused inventory shortages in some supermarkets, and supermarkets have introduced purchase restrictions on flour and edible oil.
A French media analysis said that part of the reason why people hoarded flour and edible oil was caused by the current unstable international environment; factors such as the new crown epidemic, raw material tension, Russian-Ukrainian conflict, and inflation have all exacerbated price uncertainty.
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