PARIS (Reuters) - Food price inflation in France will likely fall significantly starting in January, following the government's plan to bring forward ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSPARIS - 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 on Sunday.
Bompard said that he expected food price inflation to come down well below 10% to closer to 5%. 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%, nearly twice the overall inflation rate.
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