Inflation: Bruno Le Maire wants to “break the spiral of food prices in autumn”

When will the prices drop? Bruno Le Maire is still not able to give a firm answer to this question that a large number of French people have been asking themselves daily for several months. But the Bercy boss multiplies the meetings with various actors in the French economic ecosystem to return purchasing power to the French.

Beginning with the actors of large distribution and industrialists. “The distributors played the game, he estimated on the anti-inflationary operations. In each of the products of the anti-inflationary quarter, prices fell between 5 and 10%”. The Minister of Economy is now asking manufacturers to “transfer this drop in costs to food prices” and reduce their margins by protecting farmers’ income:

Announcements about loan conditions in mid-June

During his next meeting with dealers, Bruno Le Maire will also discuss pump prices which are particularly high in France compared to its European neighbours. “We have a high tax on fossil fuels in France, he reminded him. I would like to make sure that the distributors play with the price of fuels. Before putting anyone in doubt, I would like to have specific numbers.”

On the subject of transport, the Minister of Economy and Finance also had a word on the recent introduction of a €49 monthly offer for unlimited access to buses, metros, local and regional trains across the Rhine. He ruled out the possibility of importing a device similar to France when the State plans to inject 100,000 million euros into the railway sector in the coming years: “It is interesting, but look at the cost it represents. We have to do the best possible”. to reduce the cost of the train but opt ​​for a reduced fare ticket, I don’t think it’s the right choice.

Finally, the Bercy president returned to his recent meeting with the governor of the Banque de France to explore the possibilities of making the conditions for granting loans by banks more flexible. “I will present the result of these discussions on June 13 at the next meeting of the HCSF (editor’s note: Higher Council for Financial Stability). I want the French to be able to access credit in the most flexible way possible.”