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Exclusive: Moderation in French Wage Growth Compatible with 2% Inflation in 2024, says Banque de France Expert

Exclusive: Moderation in French Wage Growth Compatible with 2% Inflation in 2024, says Banque de France Expert

By Isabel Teles – FRANKFURT (Econostream) – The first wage agreements for 2024 recently concluded in France show an average year-on-year negotiated wage growth around 3.5% and point to a moderation trend compatible with reaching the 2% inflation target by the end of 2024 in the country, Erwan Gautier, Banque de France’s head of the Microeconomic Analysis Division, told Econostream in a recent interview (transcript here ).

22 April 2024