France should come out of the peak “at the end of 2023”, says Bruno Le Maire

France should “getting out of the inflation peak at the end of 2023”assured the Minister of the Economy Bruno Le Maire in an interview published Tuesday, May 31 by Le Figaro (paid article). Inflation accelerated again in France in May, to 5.2% over one year, sAccording to INSEE’s first estimate, thus exceeding the 5% mark for the first time since September 1985.

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Past this peak“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”continues the minister.

“The fight against inflation must be led by everyone. Companies – and some are already doing so – 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.

Prices are currently being driven up by the situation on the energy markets as well as that of the food markets. The comparison between France and its European neighbors remains rather flattering, however, with German inflation having recorded a new record on Monday (+7.9% over one year in May).