2023-04-23 17:06:12
Emmanuel Macron warned on Sunday in The Parisian that the situation would be difficult “until the end of the summer” concerning the prices of food products, which constitute the current main driver of inflation in France. “I’ll be honest, food prices, it’s going to be tough until the end of the summer,” the president warned, as year on year food prices continued to accelerate, climbing by 15.9% in March (following 14.8% in February).
Inflation at 5.7% in March
Faced with these surges, the Head of State pleaded for “work to pay better”, returning the ball to “employers” and “social dialogue”. “The Smic continues to increase, the other salaries must follow, and this is one of the subjects that we have put up for negotiation”, added Emmanuel Macron. Inflation reached 5.7% over one year in France in March, driven by soaring food prices, the National Institute of Statistics said in mid-April. Both fresh products, such as fruit and vegetables, and non-fresh products such as bread, cereals, meat, cheese, chocolate or beverages are affected by this trend.
At the end of March, the governor of the Banque de France François Villeroy de Galhau had underlined the existence of a “period of very sensitive high food prices” for the French. According to the Banque de France’s 2023-2025 projections, food inflation has taken over from energy inflation as the main driver of price increases, it should reach its peak “towards the end of the first half of the year”. Then, prices would increase more slowly but “we do not expect food prices to fall on the horizon of our projection”, that is to say 2025, had warned Matthieu Lemoine, one of the authors of these projections. .
Questioned Sunday noon by LCI, RTL and Le Figaro, the president of Medef Geoffroy Roux de Bézieux affirmed that his employers’ organization was not ready to discuss salaries at the national level. “There is strong inflation and employees are legitimately asking for wage increases,” he acknowledged. But “it is discussed at the level of the branches and at the level of the companies”, he added in response to a question on the discussions which might be started with the trade unions following the promulgation of the pension reform.
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