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France year-end review 2023: Towards subsidised clothing & shoe repair

02 Jan '24
16 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • France's June CPI rose *.* per cent, showing stable seasonally adjusted prices, with a *.* per cent y-o-y increase.
  • Manufactured goods prices increased and clothing/footwear surged due to delayed summer sales.
  • Textile exports hit €****M in September.
  • France introduces a €***M scheme subsidising clothing and shoe repairs to reduce waste and promote sustainability.

**pt; line-height: ***%; color: black; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">In June ****, France’s consumer price index (CPI) increased by *.* per cent over (-) *.* per cent in May, while s**pt; line-height: ***%;">easonally adjusted consumer prices stayed stable, after declining *.* per cent in May. On y-o-y basis, consumer prices grew by *.* per cent during the month. For the same period comparison, the prices of manufactured goods increased *.* per cent (+*.* per cent in May). The prices of clothing and footwear increased at a brisker rate than in the previous month at *.* per cent after *.* per cent, notably due to a lag in the calendar of the summer sales. However, the core inflation decreased, y-o-y, reaching *.* per cent in June ****, after *.* per cent in May. The harmonised index of consumer prices (HICP) rose by *.* per cent in June over May’s (-) *.* per cent, while the y-o-y increase was *.* per cent after *.* per cent in May.

**.*pt;line-height:***%;mso-fareast-font-family:"Times New Roman";mso-bidi-font-family:Calibri;mso-bidi-theme-font:minor-latin;mso-fareast-language:EN-IN">In September, the exports of textiles, clothing, leather and footwear reached €*,*** million, increasing *.* per cent over €*,*** million in August. Between **** and ****, exports of textiles, clothing, leather and footwear in France has averaged €*,***.** million, but reached all-time high of €*,*** million in March ****.

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