2023-05-25 20:27:26
The president of the Les Mousquetaires group was present on the BFMTV set for the special evening dedicated to food inflation. Regarding the rise in prices, he estimated that a “golden mean at 7-8%” was possible in the long term.
Thierry Cotillard moderates the ambitions of Olivia Grégoire. On the BFM set for the special evening devoted to food inflation, the president of the Les Mousquetaires group was much more cautious than the minister delegate regarding the prospects for lower prices. “We will break the inflation peak from the start of the school year, but the actual reductions will be at the next negotiations, in March 2024, he estimated. Inflation will be at 15 points at the end of the year where we are. at 17 today.”
“We will not return to the prices before because wages have increased so producing costs more, manufacturing and distributing cost more.”
“A happy medium at 7-8%”
For the boss of large retailers, the impossibility of this return to previous prices is not bad news: “I think it is beneficial for the French food distribution chain because we have sold off the quality and the price.” Above all, he is betting on “a happy medium at 7-8%” which would allow “to continue to have breeders in France and to offer promotions to French consumers.”
If he confirmed a drop in the price of Intermarché pasta around 12% due to the fall in wheat prices (-20%), he recalled that fruits and vegetables should not experience the same fate. “We have talked a lot regarding the climate subject in Spain so we are preparing for supply shortages of Spanish fruits and vegetables which are products that bring price, promotion in our stores, he warned. We do not yet have an alert on olive oil, but the climatic hazard will probably cause a shortage and a surge in prices.
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