It is not the end of the price rise. France should “emerge” from the point of high inflation at the end 2023, says Bruno Le Maire, Minister of Economy. He spoke to Le Figaro on Wednesday.
According to INSEE’s initial estimate, inflation rose again in France in May to 5.2% in one year. This is the highest rate of inflation since September 1985. The Minister continues, “We will then see a structurally higher rate of inflation, approximately 2%,” he said.
All must lead the fight against inflation
The current situation in the energy and food markets is driving up prices.
“All people must lead the fight against inflation.” Bruno Le Maire adds that companies – some of which already have – can participate by mobilizing value-sharing instruments such as the Macron bonus or participation, or profit-sharing. “Those who have enough leeway can increase their wages.” He also says that they can lower prices.
It is still quite flattering to compare France with its European neighbors, but the German inflation has set a new record Monday (7.9% versus one year ago in May).
