New peak in inflation expected in France in spring
This year, France is likely to face a strong price increase, and this will most possibly happen in the spring. As reported by RTL radio station, economists predict that some products will rise in price by 40 percent in March.
It is noted that negotiations are currently underway in France between manufacturers and retail chains. “Manufacturers may increase prices on their products by 10-40 percent,” the source said.
Prices in French supermarkets are likely to rise primarily for pasta, canned food and bread. According to Les Échos, this will also affect the baguette, which has recently been included in the UNESCO World Cultural Heritage List.
It is emphasised that the increase in product prices is also due to production costs, which, in turn, are associated with high electricity tariffs.