Michel-Edouard Leclerc warns of high inflation

Michel-Edouard Leclerc, president of the E.Leclerc stores and head of the strategic committee, expressed concerns about inflation reaching 4% by the end of the year. He noted that inflation had risen to 3% over one year in September, driven by increases in energy and fresh product prices.

Leclerc highlights impact on households

Leclerc stated that he expects inflation to persist and warned that the rise in prices continues to weigh on household purchasing power. He indicated that industrialists are demanding numerous price increases, particularly in the context of rising fuel prices.

Supermarket negotiations expected to be tough

As a result, Leclerc anticipates that the upcoming annual negotiations between supermarkets and their suppliers, traditionally scheduled from December 1 to March 1, will be very difficult. These negotiations determine the prices of goods sold in stores and are crucial for maintaining stable pricing for consumers.

Food insecurity rises in France

According to a report by Action Against Hunger, 7 million adults in Metropolitan France declare that they lack food, most often for financial reasons. This highlights the growing challenge of food insecurity amid rising costs and economic pressures.