French non-food prices soar, cheaper online channels attract attention

According to a comparative study by Le Dénicheur, 81% of food in France is currently experiencing price increases , and the prices of non- food products are also rising, with an average increase of 3% . Among them, the prices of many non-food products including electronic products , hair dryers, vacuum cleaners , home appliances , DIY , gardening tools, etc. have increased significantly .

Since 2021, the average price of smartphones is 708 euros (approximately), with the largest price increase in a year (up 69%) . In addition, the price increases of non-food products from largest to smallest are: hair dryers ( 25% ) , electric saws ( 14% ) , hand sanders ( 11%), vacuum cleaners (7%), espresso machines (6%) , portable speakers ( 6%) , barbecue grills ( 6%) , lawn mowers ( 6%) , electric toothbrushes ( 5% ), washing machines ( 4% ) .

At the same time, the price increases of high-tech products are also very significant. For example, the price of sweeping robots has increased by 42% in 5 years.

It is understood that the reasons for the increase in the prices of these products are nothing more than rising raw material costs, increased transportation costs, and intensified supply chain crises, which are ultimately attributed to the current global inflation and the conflict between Russia and Ukraine.

According to data from the French National Statistics Institute Insee , the average increase in the price of all commodities in France was 4.5% in March this year . The institute predicts that in the first half of 2022, France's inflation rate will continue to rise to between 3% and 3.5%.

Romain Gavache, French manager of Le Dénicheur , said that when prices rise sharply , household consumption expenditures also become higher. Therefore, consumers pay more attention to price comparisons between commodities and try to find the cheapest products. In order to control household living costs, many French consumers will conduct multi-channel consumption, and online shopping platforms are more popular among consumers .

French industry insiders said that if the current situation continues to develop, more industries will join the ranks of price increases, such as toilet paper and clothing in the non-food sector and sunflower oil and pasta in the food sector, which are expected to see substantial increases in the near future.

France

Non-food