In Q1 2024, household consumption increased slightly (+0.1% after +0.2%). Purchases of goods stabilised (0.0% after -0.6%): food consumption excluding tobacco began to recover, while tobacco consumption dropped sharply (-7.9%), following the increase in the price of a pack of cigarettes in January. All in all, this sharp decline in tobacco consumption contributed around -0.1 point to the change in household consumption over the quarter. Purchases of goods were also hampered by the impact on automobile sales, with households at the end of 2023 anticipating the introduction of more restrictive criteria for the “ecological bonus” for the purchase of an electric vehicle at the beginning of January. In services, consumption slowed (+0.4% after +0.6%): while spending on transport services remained lively, consumption of accommodation and food services has struggled to recover...