Lhe supermarkets are already talking regarding a month of “red march”. Whether rising consumer prices continued in January, the rate ofinflation reaching 6% over one year following 5.9% in December, according to INSEE, this increase might accelerate from March 1st. Faced with rising costs of raw materials and energy, manufacturers are keen to increase prices, for application in early March, according to The Parisian.
Annual negotiations currently being conducted between manufacturers and large retailers, which end on February 28, will determine future increases to be expected for the French. The daily evokes increases of up to 40% increase on many items. “Private brands have already increased their prices last year. The catch-up will come from what we call the big brands”, specifies the journalist of 60 Millions of consumers Lionel Maugain.
+ 790 euros over one year
With nearly 14% price increases in 2022, food products are the first victims of inflation. This should not improve according to a survey by Nielsen IQ. Inflation might stand at 15% in June. For households, this might represent an average additional cost of 790 euros compared to the same races in 2021. “45% of French people are today weakened by the rise in prices, i.e. 25 points more than last May. They are 13 million households to be very […] Read more
