Food inflation in France is quickening, according to the latest government figures.
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Food price rises in France for the year to April outstripping previous years’ increases.
Figures published by the finance ministry fraud unit, the DGCRRF, show a 7% rise in retailer value-brand prices, a 5% rise in private-label foods and 4.5% lift in national brand prices during the 12 months to April.
French household expenditure on food in 2007 rose by 2.9% year-on-year, increasing to EUR149bn (US$234.6bn). This compares with growth of 2% in 2006, according to figures released this week by the government statistics office INSEE.
Food prices are a recurring political hot potato and will be back on the agenda when the French parliament discusses a fresh law to modernise the economy in June.
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By GlobalData
