“Prices will continue to rise”: Michel-Edouard Leclerc foresees substantial increases

“Prices will continue to rise”: Michel-Edouard Leclerc foresees substantial increases

According to Michel-Edouard Leclerc, there will be an additional increase of 9.2% in food and 7.1% in non-food products. An increase that even reaches 30% in pastry and bakery products…

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3 minutes

At the end of August, Prime Minister Elisabeth Borne urged companies to draw up energy “sobriety plans” in September, consisting of reducing consumption by 10% in two years, to prevent the government from imposing “consumption reductions”. A first assessment of these plans will be made “at the beginning of October”.

“Prices will continue to rise”

Michel-Edouard Leclerc, guest this Wednesday morning on BFMTV, has already thought about it and points to a reduction in lighting intensity of 30% and a drop in temperature. ” It will be between 18, 19 or 20 degrees “, specifies the microphone of Apolline de Malherbe. The head of the Leclerc group is waiting for information about the electricity spikes, for ” consume better » between 8 am and 12 noon, in particular for the production center (catering, kitchen, bakery), which consumes a lot of energy. Michel-Edouard Leclerc believes that this tension over energy will last. ” It will last two or three winters. “, he warns.

In addition, he confirmed the increase in inflation: “ Prices will continue to rise. I am horrified to see some forecasts from our economists. They are staggered. Consumers in stores are seeing reality, with inflation at 7-8% “, he says. According to Michel-Edouard Leclerc, there will be a further increase of 9.2% in food and 7.1% in non-food products. An increase of up to 30% in bakery products…

The chance for him to (re)point the finger at the ” lack of transparency from manufacturers “.” We ask for justifications “Says Michel-Edouard Leclerc who assures that the price increases are not justified by the manufacturers.

Buy more expensive milk?

The president of the strategic committee E.Leclerc also stated that he would accept increases in the purchase price of agricultural raw material, in accordance with the law, after the Government’s call to buy more expensive milk to support producers. Mr. Leclerc reacted in particular to the request of the first agricultural union, the FNSEA, and the National Federation of Milk Producers (FNPL) to increase the sale price of a liter of milk on the shelves to a symbolic euro.

The FNSEA” mix buy and sell price“, affirmed Michel-Edouard Leclerc, who wants” be cheaper than the casino and made it clear that it could sell the milk for less than its competitors by paying breeders more.

Michel-Edouard Leclerc accuses manufacturers of not being transparent about price increases for products made from milk. The latter say that since the pandemic they have suffered significant increases in their costs, particularly related to energy, which are not contemplated in the law. And big retailers are reluctant to buy more expensive products, amid widespread inflation.

Negotiations between distributors and manufacturers were reopened after the start of the war in Ukraine and continue, in a context of invective between unions, large retailers and suppliers.

Soon a new fuel offer?

Lastly, regarding gasoline and the 20 cents per liter bonus from Total, the brand ” I can’t keep up for the next few days “but Michel-Edouard Leclerc promises” catch up later “. He asked TotalEnergies to generalize its discount to large distributors and is currently awaiting a response and promises to take another step, as it has already done on several occasions by offering fuel at cost price.

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Inflation and deflation Michel-Edouard Leclerc Leclerc

Arnaud Faes
It is difficult to answer yes or no to such a difficult question, it all depends on whether inflation is structural or cyclical. In case of inflation …Read more

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