Purchasing power: The cost of living for a student will rise by 425 euros for this academic year, according to UNEF

Purchasing power: The cost of living for a student will rise by 425 euros for this academic year, according to UNEF

The cost of living for students is increasing more than inflation according to UNEF. Inflation is not an indicator for measuring the cost of living, and INSEE constantly reminds us. However, more modest students see the difference between the two indicators.

Inflation is not an indicator of the cost of living

Inflation is not an indicator of the cost of living Constantly mentions INSEE, but an indication of the depreciation of money, a nuance. A difference that the media and public opinion does not make in the headlines of the news. However, measured inflation does not reflect the cost of living, because, quite simply, this indicator does not compare the evolution of prices for the most consumed products, but those whose prices are less volatile.

But apart from this perilous comparison with inflation, the fact remains that the student problem is very real. The cost of living for a student is going up, despite the financial aid measures offered by the government.

The cost of living for students is rising faster than others

All expense items are increasing, except for transportation, according to the National Union of French Students. Inflation primarily affects the most dangerous and younger groups, according to the 18th survey on the cost of living, conducted by the National Federation of French Students (UNEF), published on Monday, August 15. According to the student organization, in 2022, “Students’ cost of living increases by another 6.47%.“While overall inflation is 6.1% (6.8% for HICP inflation). Significantly, student spending has increased by €428 per year, or €35 per month.

HICP inflation was 6.8% in France in July

Please note, however, that in its study, UNEF uses media-reported inflation as a criterion, as published by INSEE, while only HICP is the criterion for comparison with neighboring countries. Inflation in France was 6.8% in July.

Rent, energy, food and school fees

Rents represent more than half of the student budget and are up 1.37%. In addition, the organization anticipates additional tension in the housing market at the beginning of the 2022 academic year.All higher education institutions must again offer all training courses face to face and return to normal work, which increases student mobility and therefore requests for accommodation.”, explains the Student Union. Especially due to the return of foreign students, which could have been slowed down by the measures associated with the pandemic.

food

The renewal of CROUS meals at €1 for this academic year 2022/2023 is certainly good news. However, the rise in food prices was also felt, with 15% over one year for pasta and 23% for coffee. For food, students will have to pay at the beginning of the next academic year between 10 and 14 euros extra each month, estimates the United Nations Children’s Fund (Unef), which estimates that it becomes “More and more complicated for the student to eat properly“.

Transportation prices drop

Transportation only is an exception to this overall cost of living increase for students. Its cost is stagnant, due to the lower student prices that many major cities have recently introduced. But also thanks to the development of soft mobility, which is less expensive. On the other hand, Unef notes the widening disparities between students in major cities: the cost of transportation there will decrease by 2.48% for scholarship students, versus a 0.4% increase for others. Inflation: The cost of living for students is rising faster than the cost of a French individual, according to the United Nations Children’s Fund (Unef).

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