Since the start of the war in Ukraine, the question of the shortage of sunflower oil has arisen. Not for Michel BiéroExecutive Purchasing and Marketing Director of Lidl France, which provides Parisian have the stocks planned for normal consumption of this product.
High food price inflation
His concerns, on the other hand, are price hikes foodstuffs that the war in Ukraine might generate. Lidl’s France boss predicts “In January, I estimated that inflation would be 3 to 3.5% in the first half of 2022 in food. I now think that rising prices in France will probably be twice as high, around 5 to 8%”. A significant increase in the eyes of this boss of a chain of low-cost supermarkets, but which should not have the same weight on the household coin purse than soaring gas or fuel prices, which weigh much more.
