HomeAnálisis De MercadoEconomíaFrench food price inflation likely down 'significantly' in Jan

French food price inflation likely down ‘significantly’ in Jan


PARIS (Reuters) – Food price inflation in France will likely fall significantly starting in January, following the government’s plan to bring forward annual price negotiations between retailers and consumer goods companies initially planned for next year, Carrefour (EPA:) chairman and chief executive Alexandre Bompard said on Sunday.

“Starting in January, we should see the level of inflation come down significantly,” he said, speaking on French television channel BFM TV.

Bompard said that he expected food price inflation to come down well below 10% to closer to 5%. August data released on Thursday showed food inflation – though easing for the fifth consecutive month from a peak earlier this year – is still running at 11.1%, nearly twice the overall inflation rate.

Bompard had warned Tuesday that high prices were forcing consumers to cut back massively on essential goods.

Retailers and consumer goods companies in France have been trading blame over who is responsible for the increase in prices in supermarkets even as the cost of raw materials has been falling in recent months.

The Carrefour executive added that he expected food inflation to remain higher in coming years than levels over past decades of between zero and 1% due to climate and geopolitical factors.

“The time of zero food inflation, I believe, is behind us,” he said.


Reciba noticias de Vimilin desde Google news


Please enter your comment!
Please enter your name here


BTC price shows ‘textbook’ Wyckoff moves as Bitcoin bulls defend $25K

Bitcoin (BTC) consolidated higher on Sept. 15 as analysis described recent BTC price behavior as “textbook.”Collect this article as an NFT to preserve this moment...

Magic Eden integrates Solana’s compressed NFTs into marketplace

Nonfungible token (NFT) marketplace Magic Eden has announced that it will support Solana’s compressed NFTs (cNFTs) to provide a cost-efficient and scalable alternative to owning...

House Democrats back Biden candidacy as calls for president to drop out intensify on the left

FIRST ON FOX: House Democrats appear to be behind another Biden-Harris ticket, even as President Biden is being discouraged against running by some on the...

3 Standout Stocks to Buy as Worse-Than-Expected CPI Numbers Revive Inflation Fears

The August CPI report showed headline annual inflation rising 3.7% compared to the 3.2% reading seen in July and a 3.0% increase in June. As inflation...

Más popular