Carrefour, a French grocery chain, said that it will freeze the pricing of 100 of its items to help the French people combat the nation’s growing inflation.
Following pressure from the administration of President Emmanuel Macron, Carrefour has made the same move as other notable French corporations, who have also taken action to assist the nation’s consumers in coping with the record inflation.
French oil behemoth TotalEnergies (TTEF.PA) and global maritime powerhouse CMA CGM announced additional pricing reductions in July. From September 1 until the end of the year, TotalEnergies will lower fuel rates at its service stations throughout France, while CMA CGM will lower shipping costs for imports into France from Asia by 750 euros per container.
Carrefour announced that it will be suspending prices on a range of goods, including food, healthcare products, and clothes, until Nov. 30.
Data released earlier this month revealed that in July, French inflation reached a record 6.8%.
Following Russia’s invasion of Ukraine, inflation has skyrocketed around the world, raising energy prices.