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French Retailers Agree to Margin Hit to Curb Food Inflation The New European Energy Normal Remains Rather Painful

Retailers in France have agreed to offer the lowest possible prices for essential food items to help households cope with surging inflation. French inflation accelerated to record 7.2% in February, while food inflation in Spain exceeds 15%.

1 min read
  • Retailers in France have agreed to offer the lowest possible prices for essential food items to help households cope with surging inflation.
  • Supermarket chains will take a hit to their margins amounting to several hundred million euros by discounting products during a three-month campaign.
  • Items affected will carry a logo featuring the French flag and the slogan “anti-inflation quarter.”.
  • French inflation accelerated to record 7.2% in February.
  • Prime Minister Pedro Sanchez is under pressure to do more to contain food inflation in Spain, which exceeds 15%.
French Retailers Agree to Margin Hit to Curb Food Inflation The New European Energy Normal Remains Rather Painful
Retailers in France have agreed to offer the lowest possible prices for essential food items to help households cope with surging inflation, French Finance Minister Bruno Le Maire said on Monday.
BloombergWilliam Horobin

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