Insee Première · June 2025 · n° 2056

Household consumption in 2024 Household consumption accelerated slightly despite the slowdown in prices

In 2024, household final consumption expenditure accelerated slightly in volume (+1.0%), after a sharp deceleration in 2023 (+0.6%) in a context of high inflation. The year 2024 was marked by a sharp slowdown in consumer prices (+2.2% on an annual average, after +7.0%), notably for food products (+1.3% after +12.2%). However, expenditure on these products remained almost stable (+0.1% in volume after -3.1% in 2023). On the other hand, consumption of services continued to increase, particularly leisure spending and transport services.
The purchasing power of household disposable income accelerated (+2.6% in total and +2.1% per consumption unit), with the increase in gross disposable income in current euros (+4.8%) exceeding the growth in prices. As a result, the household savings rate increased at 18.2% and remained at a higher level than before the crisis.