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Radio France Internationale
Radio France Internationale
National
Michael Fitzpatrick

French economy minister strikes anti-inflation deal with supermarkets

French Minister for the Economy and Finances Bruno Le Maire. AFP - BERTRAND GUAY

On Monday, the Finance and Economy Minister, Bruno Le Maire, launched a three-month anti-inflation drive, in cooperation with most major French supermarket chains. Under the plan, which will cost the companies "several hundred million euros", a selection of products will be made available at the lowest price possible.

The three-month plan will be financed by the supermarkets themselves. The chains have agreed to see their profit margins temporarily reduced by several hundred million euros.

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