the prices will be blocked or lowered on 5,000 references

2023-08-31 11:55:00

Economy Minister Bruno Le Maire has announced that the prices of 5,000 products will not increase, or even decrease, from January 2024.

LC with AFP

The Minister of the Economy has announced that the price of 5,000 products will be blocked or will drop from January 2024.
© NICOLAS GUYONNET / Hans Lucas / Hans Lucas via AFP

Published on 08/31/2023 at 1:55 p.m.

An August, inflation was started to rise once more. To anticipate an excessive rise in prices, Bruno Le Maire announced on Thursday August 31 that 5,000 references present in stores will not see their prices increase. The price of some items might even drop, according to the Minister of the Economy. He also recalled that negotiations for 2024 between manufacturers and supermarkets must begin at the end of the year and will thus be able to be anticipated. Bruno Le Maire notably cited several manufacturers such as Unilever, Nestlé or Pepsi, stating that they “might do a lot more” once morest soaring prices.

“The objective” of the government is to obtain “price reductions from January 2024”, declared Bruno Le Maire on France 2 following meetings with the actors of the French food chain on Wednesday and Thursday.

It ensured a “mandatory and immediate repercussion” of the drop in wholesale prices on the prices on the shelves, which will have to be subject to checks by the Directorate General for Competition, Consumer Affairs and Fraud Prevention ( DGCCRF), a department of Bercy.

Prices still high, despite efforts

On the other hand, he praised industrialists who had “played the game” by announcing price reductions, such as the pasta specialist Barilla or the oil giant Avril, a company whose president Arnaud Rousseau has just taken over as head of the majority agricultural union FNSEA. .

The government, notably through the voice of the Minister Delegate for Trade Olivia Grégoire, announced in April “a visible drop in prices on the shelves” of supermarkets at the start of the school year, but the addition remains painful for consumers.

READ ALSOFight once morest inflation: these strategies available to the ECBDuring the last episode concluded last March, the average price paid by supermarkets to manufacturers rose by 9%. But the price of a number of raw materials has since fallen and the government has called on the various parties to get back around the negotiating table to review the tariffs.

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