HomeEconomyBruno Le Maire promises new "measures" to "contain food inflation"

Bruno Le Maire promises new “measures” to “contain food inflation”

Although inflation for food products was close to 15% in February, the Ministry of the Economy will shortly announce new measures to “contain inflation for food.”

The Minister of Economy, Bruno Le Maire, promised this Tuesday “measures” in the coming days to “contain food inflation”, since the commercial negotiations between distributors and suppliers come to an end in a context of strong price increases.

“Solutions in food products, we have been working on it for several days,” Bruno Le Maire declared during the question-and-answer session for the government in the National Assembly, and stressed that he would receive distributors again “in the coming days.” his colleague Olivia Grégoire, Delegate Minister of Commerce.

Bruno Le Maire promises “effective” and “credible” measures

These measures will be taken “with the support of distributors who must make -as the President of the Republic recalled- an effort in their margins to continue lowering food prices,” he stressed.

Consulted by AFP, the Ministry of Economy did not specify at this stage the content of these measures, only stressing that it was working on them “with distributors and producers.”

Food inflation reached 14.5% in February

Trade negotiations end Wednesday between the supermarkets and their agribusiness suppliers. Stormy discussions predict further price increases as inflation rebounded to 6.2% a year in February, including 14.5% for food products alone.

During his visit to the Agricultural Fair on Saturday, President Emmanuel Macron called on large retail groups to make “an effort at their margins” to fight rising food prices.

Given the rise in prices on supermarket shelves, the Government has been working since mid-January on an anti-inflation basket of some fifty product categories “with the best value for money”, but the project has aroused criticism and skepticism.

Author: obstetrics with AFP
Source: BFM TV

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