PARIS, Sept 4 — Food price inflation in France will likely fall significantly starting in January, following the government’s plan to bring forward annual price negotiations...
PARIS, Sept 4 — Food price inflation in France will likely fall significantly starting in January, following the government’s plan to bring forward annual price negotiations between retailers and consumer goods companies initially planned for next year, Carrefour chairman and chief executive Alexandre Bompard said yesterday.
Bompard said that he expected food price inflation to come down well below 10 per cent to closer to 5 per cent. August data released on Thursday showed food inflation — though easing for the fifth consecutive month from a peak earlier this year — is still running at 11.1 per cent, nearly twice the overall inflation rate.
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