French supermarkets urged to raise food prices ...News

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Spiraling inflation is not enough to cover soaring production costs, food producers say Food prices in France may rise significantly starting next year, as producers have asked retailers for double-digit increases on their products, a representative of the French Federation of Trade and Distributors, Jacques Creyssel, said this week. The demand for product revaluation comes amid spiraling inflation and production costs that are “extremely high”, according to Creyssel. Food producers have requested price hikes of between 15% and 25% for a number of items. Such an increase is well above the tariffs negotiated last y

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