According to CoinMeta, data released on Friday by the French National Institute of Statistics and Economic Research (INSEE) shows that soaring inflation is further eroding workers' real incomes. In the third quarter, wages in France's private sector showed negative growth after adjusting for inflation, declining by 1.1% compared to the same period last year. This data reflects the reasons behind the recent street protests in France over rising living costs. French Prime Minister Emmanuel Macron is facing challenges as he strives to pass the budget bill and to appease investors. These figures also provide the context for a meeting between labor and management scheduled for Monday, where Macron aims to propose solutions to wage and purchasing power concerns.