Inflation: the battle is “not yet” won, believes Michel-Édouard Leclerc

Inflation: the battle is “not yet” won, believes Michel-Édouard Leclerc


“Overall, inflation today has been defeated and it is a real economic success,” said Bruno Le Maire in November. Nay, judge Michel-Édouard Leclerc, Sunday lunchtime guest on the BFM Politique show, in partnership with Le Parisien-Aujourd’hui in France. According to him, the battle against inflation is “not yet” won. “He anticipates,” replied the president of the strategic committee of the distribution group, number one in the country, when asked about the enthusiasm of the Minister of the Economy.

What about the products that the French love during the end-of-year celebrations, foie gras or even smoked salmon? “The prices on the shelves will not change, except clearance operations, if there is too much stock,” assures Michel-Édouard Leclerc, who notes among consumers “a desire to have fun with the family,” after “three cycles very disruptive, very disrupted, 21% in two years of food inflation. Furthermore, as Christmas approaches, the price of about half of the toys is “down 3 to 5 percent.”

“We are negotiating, we are buying for next year, the Leclercs are going as one,” the manager continued. “We are going to seek negative results from large multinational manufacturers to compensate for yesterday’s hyperinflation,” he continued.

THE annual commercial negotiations take place each year to set the conditions under which supermarkets will obtain supplies all year round from their agro-industrial suppliers. These discussions usually conclude on March 1, but the government has decided to bring them forward by a few weeks, hoping for a quicker reflection in shelf prices of reductions in the cost of certain raw materials.

Inflation slowed sharply in France last month, to +3.4% year-on-year. after + 4% in October, thanks in particular to a slowdown in prices in services, energy and, to a lesser extent, manufactured products and food. Michel-Édouard Leclerc is banking on a slowdown in price increases next year which “does not exceed 2.3%” in his brands, and the effects of which should be felt in the wallets of the French in the coming months. of “February, March”.



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