Financial TimesFinancial Times

France weathers inflation storm but price pressures are still mounting

By Sarah White and Martin Arnold

03 Jan 2023 · 4 min read

Editor's Note

FT looks at the various tactics used by France to ensure inflation never entered double-digits. But renewal of fixed-price contracts may not keep expenses down for the French for long.

France has so far avoided the bread price rises sweeping Europe — an indication not just of the baguette’s role in the country’s culture, but also of Paris’s relative success in holding down inflation.

“Our prices have gone up at the slowest rate in Europe,” said Dominique Antract, who heads France’s main federation for the its 33,000 pastry makers and bakeries.

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