Inflation: “There will be no red march”, assures Bruno Le Maire

“We must stop playing with the fears of the French“, launches this Monday morning the Minister of the Economy on BFMTV. “There will be no red march” for the portfolio of the French, assures Bruno Le Maire, just as there was no “black december“. “All the colors will go through it, it’s not the reality”he berates.

For several weeks, large retailers have been warning about an explosion in prices – around 10% – in their stores from March. The sector specialist Olivier Dauvers had used the expression “red marchto give an idea of ​​what awaits customers.

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This sudden rise in prices would be the consequence of commercial negotiations between distributors and their suppliers on the wholesale price of goods sold on the shelves. The agrifood industry is forced to increase the prices offered to distributors because of the inflationary context it has had to face for more than a year.

Bruno Le Maire believes, however, that “everyone will make an effortduring these trade negotiations. The Minister of the Economy will receive both parties “in the next few days“, with the minister in charge of these subjects Olivia Grégoire, “to protect the purchasing power of the French” And “find solutions together“.

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Anxious to appease the spirits, the number 2 of the government holds its course this Monday by affirming that inflation will fall at the end of the first half of 2023.By next summer, inflation should ebb and there is no reason for prices to flare up in March“, did he declare. The minister did not give details on food inflation, which has increased by 13.5% over the last twelve months, according to INSEE. Negotiations between distributors and manufacturers will end on February 28.

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