This is an updated version of the analysis begun in March 2012.
March 2012 View it here....
July 9th it was repeated.
July 2012 View here...
December 2012 here
December 2012 View here.
March 2013 here
March 2013 View here
The lists are not 'weekly shopping' lists and they need sensible interpretation. There are some curious items - q.v. coffee. The studious person will find other oddities - that is why it must be read with caution. But it remains a guide.
But in the fact that the lists are identical they give some indication of how prices are going.
INFLATION % compared to
Tescos Intermarché previous entry Break even Inflation over previous analysis
2012 £ £ equiv. In Euros UK France Exchange rate Exch. rate for Br. Pensioners
March 80.11 90.68 104.23 -- -- 87 pence =1 euro 76 p. --
July 87.53 85.38 108.04 9.2 3.6 79 pence = 1 euro 81 p. -6.0%
Dec. 90.72 90.10 111.06 3.6 2.7 81 pence = 1 euro 81 p. +5.5%
March 92.79 108.68 124.78 2.3 12.3 87.1 p = 1 euro 74 p. +20%
Note that inflation rates in orange are calculated on the local currency. Otherwise the exchange rate influences the calculation. Nevertheless for British people living in France relying on income from the UK the exchange rate is a hugely important factor. The last column gives this figure.
N.B. The last figures for March 2013 are so remarkable that I am inclined to recheck them. But I believe them to be reasonably accurate. To say it again - overall prices for the last three months to March 2013 have caused the British RETIRED resident, whose income is derived entirely from the UK, an inflation of 20%. It is abundantly clear that the Euro is overvalued against the £. Or in other words the £ is very weak indeed. French inflation together with the weakening of the £ conspire to hit the Britons very hard.