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"Inflation, wages... The spiral of fear"

2023-01-11T19:20:47.026Z


The editorial of Le Figaro, by Jacques-Olivier Martin. It runs, it runs, inflation… And nothing seems to slow it down: nearly 6% rise in prices in December; a little more in November; and how much in January? Yesterday confined to a few raw materials, gas and gasoline, the waltz of labels is now everywhere, on the shelves of supermarkets, in our neighborhood traders. Soaring flour or electricity prices… bakers are suffocating. With the soaring gas bil


It runs, it runs, inflation… And nothing seems to slow it down: nearly 6% rise in prices in December;

a little more in November;

and how much in January?

Yesterday confined to a few raw materials, gas and gasoline, the waltz of labels is now everywhere, on the shelves of supermarkets, in our neighborhood traders.

Soaring flour or electricity prices… bakers are suffocating.

With the soaring gas bill, factories have closed.

Employees everywhere are urging their bosses to grant them bonuses and raises to compensate for the price increases.

Faced with this crisis, everyone is doing their part.

Central banks play firefighters.

Not by printing money, as has been the case to relaunch growth in recent years, but on the contrary by raising interest rates, in an attempt to close the floodgates of credit and thus fight inflation, at the risk of triggering a recession.

The government…

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Source: lefigaro

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