Households biased in views of purchasing power – BdF deputy
Bénassy-Quéré says too much emphasis placed on food and energy prices’ effects on inflation
Households overemphasise the effects of food and energy prices on inflation and therefore have a biased perception of their own purchasing power, a Banque de France deputy governor said on September 9.
In an interview with Euronews, Agnès Bénassy-Quéré said purchasing power in France had increased, mostly thanks to people changing jobs. She explained that some households might see their purchasing power remain constant, despite pay rises, if they did not change jobs. On the other hand, their
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