Inflation: “the crisis is behind us” but we will not find “previous prices”

2023-11-07 08:47:03

Deputies and senators agreed on Monday on the timetable for the advancement of commercial negotiations between supermarkets and manufacturers for 2024 during a joint committee on the so-called “anti-inflation” bill, according to a press release from the Senate.

So-called “anti-inflation” bill

« The aim of this law is to anticipate in January the impact of falls in the price of raw materials which would otherwise only have been reflected in March. », According to a press release from the Ministry of the Economy.

« Numerous declines continue and must be passed on to the consumer: for example this month, the prices of soft wheat, durum wheat, sunflower, corn and rapeseed are, on average, significantly lower than those of November 2022. There will therefore be price reductions “, further indicates the press release.

Food inflation fell to 7.7% in October, compared to 9.7% in September or 15.9% last March, according to Bercy.

Annual commercial negotiations between manufacturers and distributors usually conclude on March 1, but the government has decided to bring them forward, hoping to pass on reductions in the cost of certain raw materials more quickly in store prices. “ I have no doubt that at the end of this negotiation, there will be prices which will fall and which will fall sooner », insisted the Minister of Economy and Finance, invited this Tuesday morning on BFMTV.

Bruno Le Maire assures that the “inflationary crisis is behind us” and defended French and European economic policy: “ We have managed to control the most serious inflationary crisis since the 1970s. We managed to emerge from this inflationary crisis in two years. It is a national and European success. »

Food prices that remain high

Michel Edouard Leclerc confirmed Monday that the “ grain market ” had ” dropped enough this year to have cheaper pasta, pizza etc. » and that inflation should indeed “come down” in the coming months.

Despite everything, prices, particularly in food, remain high. The last test cart from La Voix du Nord still reached €142.88 in October, compared to 127.70 euros in November 2022. The Minister of the Economy has once once more ruled out the possibility of a return “to price before”: “ We are not going to return to the levels before the inflationary crisis because between 2021 and 2023, you have production prices, energy costs and wages which have increased and this necessarily has repercussions on the prices you have on shelves. »

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