After the Senate, it’s Bercy’s turn to get a closer look at shelf price hikes. On Monday, July 4, at France Inter, the Minister of Economy and Finance announced the start of control.sector by sector“So that the price increases recorded in the distribution of several months are completely legal.
“For food, we have already undertaken a thousand inspections with DGCCRF on a certain number of items– explained Bruno Le Maire. Admitting that this is still insufficient, the minister noted that these additional checks should be “from one end to the other» sectors from production to distribution, including transport and processing. This work should enablesee if there are any unacceptable edges“and possibly punish”beneficiaries of the inflationary crisis“.
Shortly after the minister’s intervention, Bersi elaborated that “one stop shop“Will run in parallel”for all companies that notice irregularities in pricing“. It will be effectivetomorrow“.
A job also initiated by the Senate
This speech comes a few days after the new accusations of industrialist Michel-Edouard Leclerc.Many of the requested increases are expectations increases, even guessworkhe announced on BFMTV late last week. The entrepreneur called to launch “Investigation Committeeparliamentarian to returnthe origin of inflation“. Several elected officials welcomed the path, including PS leader Olivier Faure and MP (LFI) Manuel Bompard.
The Senate quickly reacted to these words. This was announced on Friday by the Committee on Economic Affairs chaired by Sophie Primasunderstand the purchasing power problem and causes of consumer price inflation“. The first elements will be published on July 20. This work should shed light on what promises to be a heated debate in Parliament over the Households’ Purchasing Power Protection Bill.
The growth of prices in the field of food products has been particularly strong in recent months. In June, according to INSEE, labels in turn suffered from inflation, rising 5.7% over the year, the highest since 2008. since July. the price of fresh products increased by 6.2%, compared to 5.7% for other food products.
Tracks of promotions
In France Inter, the Minister of Economy also returned to other ways to protect the portfolio of the French. In particular, the government will propose to increase the promotion threshold. today the law provides that they cannot exceed “34% of the retail price“. “I suggest raising this threshold to 50%.“so that buyers can benefit”lower pricesBruno Le Maire announced.
The minister does not seem to be convinced by Michel-Edouard Leclerc’s idea of removing an additional margin for food products. “Today, at the request of FNSEA and French food producers, we have to take a 10% margin for food products.,” lamented the distributor late last week. This system requires retailers to maintain at least a 10% margin on food sales to increase farmers’ incomes. “10 percent should go to the producers, I want to make sure that this 10 percent goes to the producers” declared Bruno Le Maire, declaring “The mission of the General Financial Inspectorate(IGF) at this point.
“Pricing mechanisms need to be consideredBruno Le Maire entourage asked on Monday. The IGF will therefore have a dual purpose to checkthat there are no abuses in the current pricing of the most sensitive products“, and”check which devices“Provided by the Egalim Law”.the farmers, not the middlemen, really benefit“. This work, carried out jointly with the Ministry of Agriculture, will also be associatedfarmers’ representatives and MPs“.
Source: Le Figaro
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