Barthélémy Philippe, edited by Romain Rouillard
06:34, November 26, 2022modified to
06:22, November 27, 2022
As the end-of-year celebrations approach, the wallets of the French are still suffering as much from inflation, which will not spare the flagship products of Christmas and New Year. While some plan to cut back on spending, others have no intention of changing their habits.
Inflation invites itself on the Christmas table. Due to rising prices, the French will be less generous this year since their gift budget should be around 386 euros, a decrease of 5.4% compared to 2021. According to an Ifop poll, 18% of them even consider offering nothing to their loved ones. Regarding the Christmas meal, seven out of ten French people plan to reduce their expenses compared to other years.
For some, on the other hand, it is out of the question to deprive themselves. Michèle, a 74-year-old retiree, refuses that inflation spoils her holidays: “We’re not going to deprive ourselves, that’s enough! We’re going to eat foie-gras because I’m getting tired of the lessons”, says- her with a smile.
“It will have nothing to do with usual”
For his part, Christian has planned to take his whole family to Île de Ré. If he considers himself privileged, he will still keep an eye on the prizes. “We look anyway, we must not push either. But the oysters we will go there, the foie gras too and then I have good bottles, I have a good cellar”, he admits.
On the other hand, for Monique, beneficiary of a small employee pension, there will be no madness at Christmas. With her husband, they will have no choice but to cut the budget. “300 euros for both. It will have nothing to do with usual. For a couple with our gifts, it was 800 euros normally.” Like Monique, more than half of French people say they are anxious about Christmas expenses, according to an Ifop poll. Last year, they were only 47%.
I am a journalist who writes about economics and business. I have worked in the news industry for over 5 years, most recently as an author at Global Happenings. My work has focused on covering the economy news, and I have written extensively on topics such as unemployment rates, housing prices, and the financial crisis. I am also an avid reader and have been known to write about books that interest me.