Economic conditions and road transport costs – September 2024

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Sep11
2024

Economic conditions and road transport costs – September 2024

The inflation of road transport costs is slowing down only slightly, with some items still experiencing sharp increases:

  • Commercial diesel fuel is down by 12.4% for road haulage and 13.8% for road transport.,
  • However, all costs excluding diesel fuel are experiencing sustained inflation, ranging from +5.1% to +6.1% for road freight transport and +4.4% for rail freight transport, which is double the general inflation rate of +1.9% in August.

With GDP growth expected to reach +1.1% in 2024, the French economy is stagnating and overall inflation was still high at the beginning of the year. After levelling off, it is expected to fall to an average of +2.1% over the year.

Globally, the end of the inflationary cycle is underway and the risks of recession have been neutralised. With anticipated growth of +3.1% for the year, the recovery is nevertheless slow and fragile.