Traveling to Evreux, in the Eure, Thursday, May 5, Bruno Le Maire warned that, economically, “the hardest part is ahead of us”. The war in Ukraine, soaring commodity prices and growing inflation confront France “with considerable economic difficulties”, according to the Minister of the Economy.
“There is the war in Ukraine, the soaring price of raw materials, a new inflation which is the first subject of economic concern”, explained the minister, according to remarks reported by AFP.
Inflation will be high in 2022, whatever the scenario. The Banque de France estimates inflation at 3.7% in its most optimistic scenario. In its most pessimistic projections, it could rise to 4.4%. A level of price increase not reached since 2008.
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+5% on consumer products by the start of summer?
The war in Ukraine causes a lasting surge in commodity prices. And the situation is not ready to improve according to the forecasts of Emily Mayer, director business insight to the specialized research institute IRI: “Over one year, inflation amounts to 3.1% for food products alone”, she explains in The Parisian. She announced in the same daily that “the trend will increase”: “By the start of the summer, we can expect the rise in prices of consumer products to reach or exceed 5% . »
Retirement, RSA, activity bonus, taxes … The losers and false winners of inflation at 4.5%