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The effects of weather-related disasters on prices in French overseas territories
[Effets des catastrophes météorologiques sur les prix en Outre-mer]

Author

Listed:
  • Tristan Jourde
  • Thibaut Piquard
  • Dilyara Salakhova

Abstract

In the French overseas territories, weather-related disasters increase consumer prices by 0.5 percentage point after two months. Effects vary between goods and services: the prices of fresh products surge by 11 percentage points while the prices of services and manufactured products decline by 0.2 percentage point. Lower-income households are particularly exposed, as food accounts for a larger part of their consumption. En Outre-mer, les catastrophes météorologiques accroissent les prix à la consommation de 0,5 pp après deux mois. Les effets varient entre biens et services : les prix des produits frais augmentent de 11 pp quand ceux des services et produits manufacturés baissent de 0,2 pp. Les ménages modestes sont plus fortement exposés, du fait d’une plus forte part de l’alimentation dans leur consommation.

Suggested Citation

  • Tristan Jourde & Thibaut Piquard & Dilyara Salakhova, . "The effects of weather-related disasters on prices in French overseas territories [Effets des catastrophes météorologiques sur les prix en Outre-mer]," Eco Notepad (in progress), Banque de France.
    • Handle: RePEc:bfr:econot:347
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