This is an updated version of the analysis begun in March 2012.
Updated JULY 2013
March 2012 View it here....
July 2012 View here...
December 2012 View here.
March 2013 View here
July 2013 View here
April 2014 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.
July 87.53 85.38 108.04 9.2 3.6 79 pence = 1 euro 81 p. minus 6.0%
Dec. 90.72 90.10 111.06 3.6 2.7 81 pence = 1 euro 81 p. plus 5.5%
March 92.79 108.68 124.78 2.3 12.3 87.1 p = 1 euro 74 p. plus 20%
July 96.33 102.23 118.77 3.8 -5.9 86.07 p= 1 euro 81p minus 4.8 %
April 76.69 97.51 118.57 -25 -0.0 82.22 p=1 euro 65p no change
Note - between 2013 and 2014 there has been a huge drop in costs in the UK. In France prices are generally stable.
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 figures for March 2013 show a remarkable hike in prices in France. To say it again - overall prices for the last three months to March 2013 caused the British RETIRED resident, whose income is derived entirely from the UK, an inflation of 20%.
Between 2013 and 2014 the prices in the UK fell remarkably but remained stable in France.
It remains clear that the Euro is overvalued against the £. Or in other words the £ is weak.