COLUMN – Price stability is beneficial to the economy and socially necessary.
The prophecy of Michel-Édouard Leclerc, the boss of the eponymous distribution group predicting two-digit inflation two weeks ago, was therefore self-fulfilling. The “price of consumer products sold in supermarkets”, according to the terms of INSEE, increased by 10.6% between October 2011 and October 2022, has just announced the Institute of Statistics which calculates specific indices each month for all forms of sales. Trade as a whole also posted an increase of 10.6%, almost twice as much as the general inflation rate which was 6.2%.
In spite of their thundering promotional campaigns of “fight against the expensive life”, the large signs are ultimately not more successful than the small distributors. Big business has become a hotbed of inflation in France. This is due to the nature of the products sold, mainly food, which increased by 11.2% in supermarkets. It’s not even…
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