Inflation

How France's glass-makers are broken by energy costs

France — Analysis

Soaring energy costs have thrown the once flourishing glass-making industry in France into a crisis, and this has notably hit the small- and medium-sized businesses that account for an important part of its estimated 22,000-strong workforce. As glass-makers report a year-on-year quadrupling of their energy bills amid a parallel economic slowdown, some have been forced to shut down their ovens and to place staff on short-time working, and many now face the chilling prospect of not being able to survive the winter. Mathias Thépot reports.

French finance ministry: food industry not profiting from inflation

France — Link

A study by the French finance ministry has concluded that the food industry as a whole, including retail chains, has not overpriced goods under cover of inflation, and that retail prices have risen mainly due to the high cost of agricultural raw materials.

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'

France

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.