Food inflation currently stands at 14.9%. How to explain this inflation? Is a reduction planned? We take stock with journalist Maëva Damoy on the set of 19/20, Monday, May 8.
Food inflation currently stands at 14.9%. Monday, May 8, on the 19/20 set, Maëva Damoy assures us that we might think so, because “world prices of basic food products have fallen sharply by 20% in one year”. However, for now, average prices remain high. “The prices you see displayed depend on commercial negotiations. For private labels, it’s simple, the brand negotiates internally”says the journalist.
Towards new trade negotiations?
On the other hand, for the big brands, the situation is much more rigid. Indeed, negotiations between producers, manufacturers and distributors only take place once a year, at the beginning of the year. “On March 1, when the verdict was in. Distributors had to pay 10% more on average, an increase which is partly passed on to consumers”, explains Maeva Damoy. So, Thursday, May 11, the Minister of the Economy wishes “convince distributors to extend the anti-inflation quarter beyond June 15 and above all, to open new trade negotiations”concludes the journalist.
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