The year 2023 is marked by many surprises, and not the most joyful ones for Martinican consumers. Growing inflation is becoming a hindrance for households: an increase in ticket prices between Martinique and France, or between Martinique and Guadeloupe, as well as rising prices of raw materials and fuel; the population has not been spared!
A marked increase in the food sector
As the year-end holidays approach, the budgets of Martinican households are becoming increasingly depleted. With a 1.5% increase in August, followed by a 0.2% increase in the food sector, it is primarily fresh products that have seen a rise, even though it is lower than the national average, according to INSEE. The products that have experienced the most significant increases include cheese, ham, yogurt, and frozen products. From September 2022 to September 2023, there has been a 11.9% increase in the fresh product section of supermarkets.
Energy and the textile industry are not spared
According to the same INSEE report, in September, energy prices surged by 3.1% for petroleum products such as diesel (6.9%), gas bottles (2.1%), and gasoline (3.3%). Electricity prices also saw a 13.3% increase, and manufactured products increased by 0.1%. The clothing and footwear sector also witnessed rising prices. Dressing and footwear have become more expensive than usual. The only sector that experienced price decreases is the services sector, with a 1.4% decrease. This includes the healthcare sector, which has not seen any significant changes since August, as well as the transportation sector.
With all of this, it's not certain that households will be in a festive mood for the last months of 2023.
What do you think about these increases? How are they affecting your daily life?
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