Canned vegetables up 17%, coffee 10% more expensive, a similar increase for starches, and an explosion in the price of kibbles for animals at + 41%. Inflation, which reached 6.2% over one year in October, is not about to slow down according to Michel-Edouard Leclerc, president of the E. Leclerc Centers. For 2023″all the increases are above double digits (…) If we let that pass, it’s a tsunami“the boss of the E. Leclerc stores worried on Monday.
Is the worst yet to come for the French wallet? On the same day, the Minister of the Economy was reassuring about the evolution of prices in 2023. “We will not have double-digit inflation on all French products” next year, estimated Bruno Le Maire. “Our whole policy aims to ensure that in 2023, inflation recedes. This remains our central working hypothesis.“, he added, pointing out that “thedouble-digit inflation already exists for food products”. According to a report by the General Inspectorate of Finance (IGF) unveiled on November 6, “certain food products have experienced particularly high price increases with, for example, +60% for oils, +22% for flour, +20% for pasta and +16% for poultry” over one year. Inflation remains at a level “very high” and “it is extraordinarily difficult for all our compatriots”, recognized the boss of Bercy. However, he praised the merits of government measures aimed at limiting this increase, in particular for electricity and gas.
An energy that is nevertheless ever more expensive and which has become the major concern of the elected officials gathered at the Salon des Maires de France. The subject should also be invited in discussions with the Head of State who has planned a stroll among the stands this Wednesday afternoon. When on the side of food aid associations, we also sound the alarm. So while the 38th Restos du Cœur campaign opened on Tuesday, its boss Patrice Douret says he is facing a “situation never known” with “a 12% increase in people registered and welcomed since last April”. With the rise in prices, the number of beneficiaries has swelled.
Among them, we often find students, poor workers, families with young children. Food aid would now concern between 3.2 and 3.5 million people.
Faced with this worrying situation, the government announced at the beginning of November the creation of a “fund for sustainable food aid” of 60 million euros in 2023. This Tuesday, he said he was releasing an envelope of 10 million euros for food aid to students. At the same time, initiatives are multiplying at the local level to help the most deprived. towns now offer municipal mutual insurance to their inhabitants to allow them better access to healthcare.
So will prices jump in 2023? How to fight against the rise of poverty? What is the situation elsewhere in Europe? Why does annual inflation exceed 20% in certain Eastern European countries such as Hungary (21.1%)?
– Philippe Dessertine, Director of the Institut de Haute Finance, author of “Le Grand Shift”
-Emmanuel Duteil, editorial director – L’Usine Nouvelle
– Soazig Quemener, editor-in-chief of the political department – Marianne
– Sandra Hoibian, CEO of CREDOC