inflation “is no longer a subject” for companies | EUROtoday

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At a time when the problem of wage will increase now options in every of the speeches of the President of the Republic and the Prime Minister, the provisional information printed on Friday, February 9, by the analysis animation division, research and statistics from the Ministry of Labor, present that they elevated barely greater than inflation within the fourth quarter of 2023. This is just the second time this has occurred since inflation soared, in 2021 .

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The fundamental month-to-month wage of all French individuals (gross wage, excluding bonuses or additional time) thus elevated by 0.3% on common through the quarter, a rise of three.8% over one 12 months. Over the identical interval, the essential hourly wage of staff and staff elevated by 0.4%, or +4.1% over one 12 months.

The shopper worth index having elevated by 3.6% year-on-year in December 2023, these figures reveal a tiny enhance in buying energy. Good information that should nevertheless be certified. First, recalling that between December 2022 and December 2023, the INSEE meals worth index alone elevated by 7.2%.

Then, observing the pattern highlighted by the examine printed on Friday February 2, by the Studies & Data middle of the Alpha-Secafi group. This agency analyzed 421 wage agreements concluded for the 12 months 2024 as a part of necessary annual negotiations. That is to say all the agreements out there on the Légifrance web site as of January 10 which talked about will increase.

General will increase are declining

What do they reveal in regards to the 2024 wage coverage? Which is “marked by the decline in increase budgets, the decline in recourse to general increases and the poverty of peripheral measures”, summarizes the entry examine.

The envelopes dedicated to salaries for 2024 (+3.5% on common) are thus down sharply in comparison with 2023 (+4.6%). It have to be stated that the context has modified: inflation is slowing (however continues to rise), progress forecasts are gloomy, enterprise failures are on the rise and recruitment pressures are easing.

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Companies that had been gradual to adapt their budgetary practices to the extraordinary financial context of latest years, successfully passing the price of inflation onto staff, are faster to anticipate an finish to this disaster. “All the measures to help buying energy put in place in a context of remarkable inflation are operating out of steam. For companies, this now not appears to be a topic “, notes Alice Rustique, analysis supervisor on the Alpha Group's research and forecasting division.

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