This live is over
This live is now over. Minister Olivia Grégoire acknowledges on BFMTV that food inflation is “very painful” for the French but anticipates price drops “at the start of the school year in September”.
The president of Groupement Les Mousquetaires has meanwhile forecast a drop in prices “for the year 2024” and said that a return to pre-inflation prices is very unlikely.
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“The demand is enormous”: the young creator of the “Tous Anti-inflation” application testifies on BFMTV
Simon Simeonov, high school student and creator of the “Tous Anti-inflation” application, told BFMTV about the success of his project which allows you to compare the prices of a product in stores near you.
“It shows that there is a problem to be solved, the demand is just huge,” testified the young man of 18 years.
The president of the Groupement Les Mousquetaires “does not think that we will return to the starting point”
“Are we going to return to a starting point? I don’t think and I believe that it is beneficial for the distribution chain”, declared Thierry Cotillard, president of the Groupement Les Mousquetaires, about the food inflation.
The president of Groupement Les Mousquetaires plans a drop in prices “for the year 2024”
“I will be a little less optimistic and more realistic.” Thierry Cotillard, president of Groupement Les Mousquetaires, anticipates declines only from 2024 and not before.
“We will probably break this inflation peak and renegotiate with certain manufacturers […] these reductions are certainly envisaged for the year 2024”, he declared on BFMTV.
“In November-December, manufacturers will suffer from the drop in volumes compared to distributor brands, this is already the case. The consumer will sanction manufacturers,” he continued.
Inflation: Olivia Grégoire says that “highly processed products, ready meals are the ones that have increased the most”
“Sometimes it costs less to do it yourself.” Minister Olivia Grégoire indicates that “highly processed products, ready meals are those that have increased the most” in recent months in supermarkets.
Olivia Grégoire assures that “it is not taxes that finance” the anti-inflation basket
Angélique Martin, owner of Le Sextant fish market in Meuvaines (Calvados) and Marie Flanquart, retired and former IT project manager, questioned the minister on the anti-inflation basket or quarter.
“It didn’t cost any money to put pressure on distributors to make the anti-inflation basket,” assured the minister.
Olivia Grégoire says annual national brand negotiations are to ‘protect our breeders’
Olivia Grégoire defends the annual price negotiations between the national brands: these rules aim to “protect our breeders and protect the selling prices of our breeders”, she assures on BFMTV.
“Putting less stiffness” is “an idea I can hear,” she adds.
Olivia Grégoire predicts “structural inflation” for the next few years
Once the crisis is over, “we will probably have structural inflation, including food, which will be higher than the 0.5 or 1% we have known in recent decades”, anticipates Minister Olivia Grégoire.
“Are we going to go back to 0? I don’t think so,” she says.
Olivia Grégoire anticipates price reductions “at the start of the school year in September”
Olivia Grégoire assures inflation “is starting to level off” and anticipates a drop in prices on “a certain number of products” at “the start of the school year in September”.
For certain products, this drop in prices would occur before the start of the school year, according to the Minister Delegate for Trade.
“As of this summer, we are entitled to think that following trade renegotiations, the price of pasta (…), sunflower oil, will drop significantly,” she said on BFM TV.
Olivia Grégoire acknowledges that food inflation is “very painful”
“Yes, I know that this food inflation (…) is very painful for our compatriots, especially when we come out of 30 years of deflation”, recognizes on BFMTV Olivia Grégoire, Minister Delegate for Trade.
She says she has no “denial” about this “difficult” situation.
Follow Olivia Grégoire’s intervention on inflation
Olivia Grégoire, Minister Delegate for Trade, is the guest of Aurélie Casse on BFMTV this evening.
You can follow our special broadcast at 8:30 p.m. on BFMTV and BFMTV.com.
The BFM basket: what are we talking about?
Today, BFMTV, the local BFM channels and the economic media BFM Business are setting up an exceptional system to inform and support the French in the face of inflation.
Every Thursday, the “BFM basket” will give a price index and its evolution in 16 regions for the 50 products most consumed by the French. We explain our approach in this article.
Are your groceries more expensive elsewhere? The prices in your region with the BFM basket
For this first edition of the “basket of BFM”, a glaring observation is essential: depending on where they live, the French are not all housed at the same price level.
You can consult our comparison of inflation by region here.
Goodnight all
Good evening and welcome to this live dedicated to our new inflation device, the BFM basket. You can follow our special program on food price inflation here from 8:30 p.m.