French retailers agree to lower prices to cushion surging inflation – Le Maire | Forexlive

The deal, which is said to amount to several hundred million euros, will see supermarket chains take a hit on profit margins in order to offer the lowest possible prices for certain food items to help households cope with surging inflation pressures.

This of course comes after French inflation continues to pull higher in February as seen last week here, with the January report also showing core inflation rising to fresh highs of 5.6% as seen here.