Profitez d'une période d'essai gratuitement

Inflation, retail sales, unemployment: 7 charts to understand the health of retail in Europe and the U.S.A.

Every month, mind Retail analyzes the macroeconomic indicators of the retail market, based on the latest data from Eurostat and the Census Bureau. While the market has been experiencing significant fluctuations for 18 months, these charts show the evolution of inflation in Europe and the U.S.A. (September 23 HICP figures), unemployment and their impact on retail sales (August 23rd data).

Through Aymeric Marolleau, Sophie Baqué. Published on 08 November 2023 à 20h08 - Update on 10 November 2023 à 14h57

Over the past 18 months, inflation has taken hold on both sides of the Atlantic. While peaks were reached in June 2022 in the U.S.A. and September 2022 in Europe, the level remains high. To measure inflation, mind Retail uses the HICP (Harmonized Index of Consumer Prices) published by Eurostat, which covers products and services consumed by households (annual change). Until now, the inflation curve in Europe has followed that of the U.S.A., with a few months’ difference.

In September 2023, the Eurozone recorded an HICP rise of 4.3%. A year earlier, it was 10.6%. “This is the lowest level for over 2 years,” announced Eurostat. This fall in inflation is largely due to energy prices, “which have decelerated sharply due to the statistical effect of the comparison with September 2022, when sharp price rises were recorded in this sector”, says Istat.

Eurozone : Energy prices up by 34.2% over two sliding years

Looking at this overall picture, annual changes data should be treated cautiously, given the high historical level of 2022. Last September, energy prices were up by 40.7% in the Eurozone.…