Paris: France's inflation will pick up pace in March and reach 10%, but the state will "break daily prices" to slow growth, according to government spokesman Olivier Veran.
The statistics office Inci released preliminary data on Tuesday showing that the French consumer price index rose to 6.2% from 6.0% in January.
According to the report, prices of manufactured goods rose slightly to 4.6% from 4.5% with the end of winter sales, while food inflation rose slightly to 14.5% from 13.3%.
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Service prices rose from 2.6% to 2.9%. According to Inci, the annual increase in energy prices was 14.0% in February. In February, the EU-cohesion index rose to 7.2% from 7% in January.
According to Veran, the French government expects a 10% increase in inflation this month, which will translate into a 10% increase in food prices.
This is not a one-time price hike, he cautioned; Rather, there will be annual inflation between March 2022 and 2023. Obviously, this has an impact on the shopping habits and daily lives of French families.
The official said that we cooperate with major retailers and producers, so that in the end, when a Frenchman goes shopping, whether in one brand or another, he can go and get the products he needs at a reasonable price. Can buy
"We want everyone to do their part," Veran said. Veran recalled that on Saturday French President Emmanuel Macron urged supermarket chains to reduce their profit margins to cope with rising food prices.
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Previously, the nation's government had banned large retailers from raising the prices of these necessities by introducing the so-called "anti-inflationary food basket", which included about 50 basic items. This month will see the implementation of the measure.
