In Q1 2024, household gross disposable income (GDI) remained buoyant (+1.2% in current euros after +1.3% at the end of 2023). Social benefits accelerated due to the indexing of basic pensions against past inflation, and represent the main contribution to the increase in GDI (+0.8 points). Earned income has slowed significantly with the ending of payment of the one-off purchasing power bonus to civil servants and smaller payments under the value-sharing bonus scheme (PPV). Meanwhile, wealth income rebounded after 2023 ended with the increase in property taxes. Since price rises remained modest (+0.6% after +0.3%), GDI purchasing power picked up again in early 2024: +0.6% after +1.0% at the end of 2023 (i.e. +0.5% per consumption unit after +0.8%)...