Will inflation reach 8.5% at the end of the year, as Michel-Édouard Leclerc predicts?

by time news
The annual shift in consumer prices will be around 12% for food in December, according to INSEE forecasts. JOEL SAGET / AFP

THE CHEKING PROCESS – The chairman of the strategic committee of the E.Leclerc shopping centers was worried about very high inflation at the end of the year, particularly in food products. An observation to qualify.

Invited Tuesday morning on the set of CNews, Michel-Édouard Leclerc, president of the centers of the same name, estimated that the year will end “with inflation rates around 8%, maybe 8.5%“, in France. He clarified that these figures refer to “food inflation, and even general, consumer products».

INSEE and the Banque de France regularly publish forward-looking studies that assess future trends in the main economic indicators, including the consumer price index (CPI)* on which inflation is based.

In its economic update of 7 September, INSEE reminds us that “price developments over the next few months will depend on several factors“. And to quote:movements in international energy and commodity prices, the value of the euro on the foreign exchange market, the speed and degree of transmission of past increases in producer prices to consumer prices, etc.

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