French wage growth level lags behind the actual decline in household income of families.

Overseas Network, August 9th. In the first quarter of 2022, France's inflation rate was at the lowest level in the euro area. However, in the OCDE countries, France belongs to one of the countries with the most serious family revenue in the family.

According to the French BFM TV report on the 8th, in the first quarter of 2022, the actual income of the family of the country's country, that is, deducting the income level after inflation, decreased by 1.1%month -on -month. Essence But in some countries such as the United States, France, Germany and other countries, this decline is more obvious. From January to March 2022, the actual revenue of French families decreased by 1.9%, which was the largest decline observed in the OECD countries.

However, France is also one of the countries with the smallest increase in consumer price indexes in the euro zone. In April, the annual inflation rate announced by the French Institute of Statistics and Economic Research (Insee) was 4.8%, and the EUSTATATATATATATATATATANATATAINOT (EUROSTAT) announced 5.4%of the French inflation rate announced by the blended consumer price index, which means The inflation rate is only 18th among the 19 countries in the euro zone. In contrast, Estonia's inflation rate is 19%, the Netherlands is 11.2%, Spain is 8.3%, Germany is 7.8%, and Italy is 6.6%.

Therefore, the significant decline in the actual level of revenue of French families is mainly due to the income of nominal income (based on the amount of currency, and the income of market factors such as inflation or currency tightening). According to data from the organization, in the first quarter of 2022, the French family's nominal income increased by only 0.1%, which was lower than most European countries. In contrast, the nominal income of German families increased by 1%, and the actual revenue decreased by 1.8%; the nominal income of the Dutch family increased by 5.1%, and the actual revenue fell by 0.5%. It can be seen that although the inflation rate of Germany and the Netherlands is higher than France, it has more effectively promoted its domestic wages.

On the other hand, in terms of the evolution of the year's income, according to data from the OECD, from the first quarter of 2021 to the first quarter of 2022, the actual level of French households increased by 0.1%. Compared with the other countries of the Seven -way Group, this is a relatively good result. During the same period, the actual level of household income in Germany decreased by 0.4%, the UK decreased by 1.6%, the United States fell 11.5%, and the overall decline of the country's country decreased by 4.6%. (Overseas Network-Paris-Lu Jia)

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