PARIS — Inflationary impacts and shifts in preferred retail channels are expected to proceed impacting the sweetness business in France this yr, in line with a study carried out by NielsenIQ.
Notably, it found that 45 percent of French consumers queried said they plan to spend less money on beauty products in 2023. And 41 percent shared they might purchase cheaper beauty products to cut back their category-related expenses.
In France on-year, the buyer price index rose 4.5 percent in June and 5.1 percent in May, in line with INSEE, the country’s national statistics office. For a lot of consecutive months prior to that, the monthly increase hovered at around 6 percent.
“The inflationary period we're going through has radically modified the behavior...
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