French minister presents 20bln-euro plan to ease inflation crisis

France — Link

French economy and finance minister Bruno Le Maire has announced a series of measures costing 20 billion euros which will target certain sections of the population to ease the growing cost-of-living crisis, as inflation in France rose to 6.5% in June. 

Mooted 'food cheque' for France's poor 'a tree which hides the forest'


Amid galloping inflation, French Prime Minister Élisabeth Borne this week announced that households with the lowest incomes will be given a one-off financial payment at the end of the summer in emergency aid. The government is also to study the feasibility of implementing a regular payment to the neediest which will be specifically for the purchase of food, what has been dubbed a “food cheque”, although exactly what form this might take is unclear. Humanitarian associations have greeted the moves with caution, among them the Secours Catholique which likened the ‘cheque’ to “a tree that hides the forest” of the crisis. Faïza Zerouala reports.  

French inflation steadies at 2012 high, but lower than that of Germany

International — Link

The April inflation figure in France, the eurozone's second-largest economy, peaked at 1.4%, the highest level since 2012, but notably less than in Germany, Spain and the eurozone average.