DECRYPTION – In March, it reached 17.7% over two years. The phenomenon will increase by June, despite the “anti-inflation quarter” promised by the brands.
“There will be no red march”, promised Bruno Le Maire at the end of February. A few days before the end of the annual price negotiations between distributors and manufacturers of consumer products, many feared a new spike in prices on the shelves of supermarkets. And for good reason, the negotiations ended with price increases of between 9% and 11%.
In fact, food inflation accelerated sharply in March. It now reaches 16.2% over one year, against 14.5% at the end of February. Over a month, prices have increased by another 1.8%, according to Circana, which examines the tickets at the checkout. “This is the strongest monthly increase since the start of inflation a year ago”decrypts Emily Meyer, director of studies at Circana.
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While inflation limited to 1.8% between February and March does not signal a “Red March”the phenomenon can be worrying, in a tense social context with pressure on power…