In France, companies agreed to reduce the price of 5,000 products
French Finance Minister Bruno Le Maire announced that they had reached an agreement with retailers and food manufacturers to speed up the fight against inflation, but cited Unilever, Nestlé and PepsiCo among companies that refused to “cooperate”. in the deal.
In a televised interview after two days of conversations with executives from the sector, the minister announced that the companies have committed to fixing or lowering the prices of 5,000 products consumed daily.
FOOD INFLATION IS TWICE OVERALL INFLATION
According to August data released today, the French government wants to reduce the prices of food and other basic food items, as food inflation in France is still around twice the general inflation rate.
Retailers such as Carrefour and Les Mousquetaires have warned that French consumers are reducing their purchases of essential consumer goods due to the high cost of living. (Reuters)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
