“The inflationary crisis is behind us”, assures Bruno Le Maire

by time news

2023-11-07 14:20:23

“The inflationary crisis is behind us.” Questioned this Tuesday on BFM – RMC, the Minister of the Economy, Bruno Le Maire, confirmed a slowdown in inflation which should continue. “We had an inflationary crisis which started at the end of 2021 and exploded with the war in Ukraine – we reached rates of 6%. Today, inflation has just returned to 4% and it should fall to 2.6% in 2024,” the minister explained.

“We managed to emerge from this crisis in two years, where in the 1970s it took 10 years. (…). The decisions taken by Emmanuel Macron to cushion the inflationary shock were particularly effective, in particular thanks to the shield on the price of gas…”, explained Bruno Le Maire. While he welcomes the decline in inflation, the Minister of the Economy recognizes that the situation “despite everything remains difficult for many” French people. “Food prices continue to remain high, even if inflation is curbed,” he summarizes.

“There will be prices that drop sooner”

The boss of Bercy mentioned in passing the recent adoption of the bill by the Senate which brings forward commercial negotiations between supermarkets and manufacturers by almost a month. “I have no doubt that at the end of this negotiation, there will be prices which will fall and which will fall sooner,” he insisted. And predicts: “The drop in wholesale prices for wheat or oil could be passed on to food prices sooner.”

The prices of several products will “downright drop” in the coming months, had also assured Monday Michel-Edouard Leclerc. “Everything that is non-food, but also little produced in France, like textiles, will go down completely,” explained the manager of the Leclerc stores. on franceinfo, adding to the list “Christmas toys, in the coming weeks”, with drops “of the order of 2 to 3%. »


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