Inflation accelerated again in France in May, to 5.2% over one year, thus exceeding the 5% mark for the first time since September 1985. But the country should “to get out of the inflation peak at the end of 2023”assures the Minister of the Economy Bruno Le Maire in an interview to be published this Wednesday 1er June in “Le Figaro”. However, he warned on France-Inter: “The hardest part is ahead of us. »
After this new acceleration, “we will then have a structurally higher level of inflation, around 2%, due to the regionalization of value chains and the very high cost of the energy transition”explains the minister in the daily.
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The comparison between France and its European neighbors remains rather flattering, German inflation having recorded a new record on Monday (+7.9% over one year in May).
Prices are currently being driven up by the situation on the energy markets as well as that of the food markets. “The fight against inflation must be led by everyone. Companies – and some already do – can also participate, by mobilizing value-sharing tools such as the Macron bonus, participation or profit-sharing”adds Bruno Le Maire. “Those with sufficient leeway can also increase wages. They can also lower prices.he adds.
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Bruno Le Maire also assured not to ” [croire] at risk of recession this year, but wants “remain cautious because everything will depend on what can happen in Ukraine, on developments in a number of countries, especially China”. He adds that he will “a revision of the growth figure at the time when [il présentera] the amending finance bill at the end of June, beginning of July”.
Growth is still 4% at this stage, while several institutions have already lowered their forecast several times. The International Monetary Fund (IMF) now expects growth of 2.9% for France, the European Commission on 3.1%, while the Banque de France forecasts between 2.8% and 3.4%, depending changes in energy prices.