While in eighteen months food prices have skyrocketed by more than 18%, inflation for this category of products fell back to around 12% in August. However, prices continue to rise. “Consumers don’t think this is good news,” laments this Sunday on BFMTV Alexandre Bompard, CEO of the Carrefour group.
In the face of the emergency, progress will be made in the renegotiations between manufacturers and distributors, announced the Minister of the Economy, Bruno Le Maire. For Alexandre Bompard, this will help curb inflation.
The “slow poison” of inflation
The head of the Carrefour group accuses the industrialists of being partly responsible for the rise in prices that has lasted for almost two years.
Alexandre Bompard thus points out “the slow poison that is hyperinflation” for the middle and working classes in France, explaining that during the first year consumers reduced the quality of their purchases and that now they are beginning to consume less.
“The average basket is going down and the French are moving away from national brands in favor of private label,” he explains.
Source: BFM TV
