“We have entered a long cycle of inflation”, according to Michel-Edouard Leclerc

published on Sunday, March 05, 2023 at 9:09 p.m.

“Society has taken advantage of the Covid crisis to redefine a healthier economic model, more virtuous from the point of view of ecology, more sovereign from the point of view of supplies, this new economy will cost more to produce”, analyzed the president of the strategic committee of the E. Leclerc centers, Michel-Edouard Leclerc, this Sunday, March 5 on BFM TV.

According to the president of the strategic committee of the centers E.

Leclerc, Michel-Edouard Leclerc, “we have entered a long cycle of inflation”, he predicted on the antenna of BFM TV this Sunday, March 5. And for good reason: “the company has taken advantage of the Covid crisis to redefining a healthier economic model, more virtuous from the point of view of ecology, more sovereign from the point of view of supplies. This new economy will cost more to produce. We are going to enter a period, over ten years, where buying a car, even electric, will necessarily cost more”, analyzed the distributor.

“Where he sold more virtuous products, maybe organic, vegan, that’s where we’re going to have a role to play. There will be inflation but it will be more legitimate, it will not be speculation. But when everything is going to cost more to produce, that’s where it will have to be made the most accessible,” explained Michel-Edouard Leclerc.

Regarding the rise in prices, he also spoke regarding the anti-inflation basket, while the government seems to have abandoned from the “uniform basket project and common to all brands”, mentioned in December by the Minister of SMEs Olivia Grégoire. “Olivia Grégoire and Bruno Le Maire had this idea. From Leclerc’s point of view, we believe that reduces the cone of our activity. (…) When everything increases, should we argue its effectiveness on few products? he wondered.

“We are open to working with the government”

“This basket idea wasn’t really an anti-inflation basket. If it was an anti-inflation basket, I would have jumped on it”, he assured. “But it was a basket where he should not put the FNSEA back. When we compensated the margins of certain industries, we should not break them”, continued the distributor.

Then to add: “We are open to working with the government to fight once morest inflation. I came on your show to regret that the government, since the end of 2021, on trade negotiations. They might have helped us.” Since inflation has returned to the top of the minds of the French, distribution multiplies operations, blocked prices, anti-inflation shield, the purpose of which is to attract or retain customers, in the face of food inflation which has risen by some 14.5% over one year in February, according to INSEE.

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