Inflation in France passed the 6% mark over one year last October. Food products and energy prices are the first affected: these poles have seen their prices increase by 11.8% and 19.2% respectively. INSEE therefore forecasts zero growth for the 4th quarter, as reported by the daily newspaper Le Monde.
Faced with this unbridled inflation, the purchasing power of the French is suffering. The executive is trying to remedy this through targeted aid and a legislative “purchasing power package”, but the accumulation of soaring energy, fuel and food prices does not don’t forgive.
Michel-Edouard Leclerc, chairman of the strategic committee of the distribution giant of the same name, announced Tuesday morning on the set of BFMTV that France was heading “towards a tsunami” of inflation in 2023.
At issue in particular: the price increases demanded by brands in the agri-food sector. 15.08% on oil and seasonings, 17.74% on canned vegetables or 13% on poultry, these are the demands of these brands in the context of negotiations with distributors.
Soaring energy prices obviously affect production costs, especially in the processed food sector. Expenses related to the transport, refrigeration and packaging of products are also up sharply, but have a much lower impact in comparison.
However, some products seem to resist inflation, and even see their cost decrease! This decrease in prices is mainly due to a drop in demand for them and less strict legislative requirements on their selling price. Discover the 5 items that you can still buy without comparing the prices too much…
