Inflation in France reaches highest level in 37 years

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Inflation in France reaches highest level in 37 years

STORY: Inflation in France reaches highest level in 37 years DATELINE: June 27, 2022 LENGTH: 00:01:08 LOCATION: LYON, France CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of supermarket goods 2. various of euro currency STORYLINE: Inflation in France reached 5.2 percent year on year in May, the highest level in 37 years. Meanwhile, the basic monthly salary index only increased by 2.3 percent from last year, according to the French Ministry of Labor. Food prices rose by 4.2 percent (3.8 percent last month) and those of services by 3.2 percent. The French Observatory of Economic Conditions announced in a press release that "this contraction in purchasing power will weigh on the dynamics of recovery through the weak dynamics of household consumption." The government promises new aid measures such as the extension of the energy tariff shield with the energy check or a new device on the price of gasoline for large rollers. Other measures include the rebate of 18 cents on fuel price until August an

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