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Consumers in France Subject to Inflation

 02/21/2023

Faced with a 13 percent inflation rate, the government of France is intervening to reduce retail margins.  Finance Minister Bruno Le Maire is promoting a program involving price discounts applied to a basket of fifty essential items.

 

To date, the large chains including Carrefour, Casino, Auchan and LeClerc have not agreed to cooperate, although Lidl and Systeme U have accepted the proposal.  Le Maire has established March 15th as a deadline for compliance with the Government initiative.