Inflation in France has peaked, but is expected to stay at a high level for several more months before progressively decreasing, according to the country’s Finance Minister Bruno Le Maire. The rate reached 5.2% in May, 2022.

By end-2023, we should see a progressive decline of inflation. We could have an inflation around 2% towards end-2023, Le Maire told France Inter radio on Wednesday, adding that he did not foresee a recession.

https://i0.wp.com/france-inflation.com/img/inflation_contribution_des_postes.png?resize=696%2C441&ssl=1

The current forecast suggests the economy will grow by 4% in 2022, he said, adding that the French government will present revised economic growth forecasts by early July, 2022. Inflation in the Euro-zone in May is projected to hit 8.1% versus 7.4% recorded in April.

The country’s economy saw an unexpected decline in the first quarter of the current year as consumers struggled to cope with soaring inflation that reached a record-high of 5.2% over 12 months in May, data released this week showed.

If the monetary policy does not change, we will not bring down inflation to a more reasonable level of around 2%, Le Maire said, stressing that it was the responsibility of the European Central Bank to take progressive action to bring down inflation.

RT. com / ABC Flash Point News 2022.

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Clown World
Clown World
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02-06-22 15:34

Clown world.

Valkry
Valkry
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Reply to  Clown World
02-06-22 20:37

There is no business like show business!

Last edited 22 days ago by Valkry
Wrath of God
Wrath of God
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Reply to  Clown World
02-06-22 22:04

comment image

Arrien Westhuis
Arrien Westhuis
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02-06-22 15:37

The minister is smoking crack!

Robert Grant
Robert Grant
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02-06-22 15:40

Inflation in France has peaked – Finance Minister it can only go up from here