France: food inflation crosses 5 % threshold in June

According to the IRI analysis firm, the price of frozen chopped steaks jumped 20.9 % over a year, while pasta took 17 %.

by

Food inflation will crescendo. And, for the first time since 2008, the 5 %mark crosses in June. This is the observation drawn up by the IRI France analysis firm, which published the data collected at the end of the semester on Thursday, June 30. This company, which scrutinizes consumer purchases after their checkout supermarkets and hypermarkets had recorded a first tremor of prices up, in December 2021. Then, in February, it noted an average inflation of around 0, 73 %. A month later, the cursor was 1.73 %. Before positioning yourself at 3 % in April, 4 % in May and now being at 5.17 %.

The waltz of labels touches more and more foodstuffs in the consumer racing basket. “We count 21 categories of consumer products on which inflation exceeds 10 %”, specifies Emily Mayer, of IRI. The frozen minced steak wins the palm, with a pricing of 20.9 %over one year, followed by pasta, 17 %, and chopped steaks in the fresh department, at 15.4 %. The pasta to unroll are in the wheel (+ 14.2 %), but also mustard and oils, whose respective prices increased by more than 13 %.

The price of meat prepared dishes and pasta, such as lasagna, cannelloni or ravioli, is also decorated with an increase of 13 %. As for the roasted coffee, it jumped 12.6 %. To finish the shopping, you have to pay 10.2 % more to buy chicken cuts and almost 9 % more for eggs or butter. In this highly inflationary context, IRI however detects a food category that is an exception. The aniseed alcohol radius displays a decrease of 1.3 % over a year.

under the aegis of Bercy

Until the end of April, the average increase of 3 % of food products was online with the result of commercial negotiations between industrialists and distributors, which set the annual prices of products to national brand, completed at the end of February. It took into account, as a priority, increases in prices of agricultural raw materials already recorded in 2021. But the war in Ukraine amplified a phenomenon already prevalent to generalized progression of oil, gas, cereals, oils, transport prices , packaging.

Faced with the pressing demand for industrialists, which required pricing revaluations, the government accepted within the framework of its resilience plan to reopen the mid-March trade negotiations. Since then, negotiations have been engaged under the aegis of Bercy, which regularly brings together players in the food industry on Thursday. “Before Ukraine, inflation was 3 % or 3.5 %. From June, it is the impact of discussions on Ukrainian subjects that we see as you go. Go further, with inflation that could reach 6 % or 7 % in September, “said M me Mayer.

You have 13.23% of this article to read. The continuation is reserved for subscribers.

/Media reports.