Race prices: why the receipt will soar between April and June

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Several retail leaders confirm that food prices will rise sharply between April and June. The boss of E.Leclerc Michel-Edouard Leclerc says he is “frankly worried”.

Do you already find that your groceries are more expensive than before? It is not finished. They will cost even more from April in supermarkets. “Inflation should reach a peak between April and June”, indicates Michel-Edouard Leclerc, the president of the strategic committee of the E.Leclerc centers, in an interview with the Sunday newspaper.

Following the high inflation in 2022 – 12.6% in December 2022 over one year according to INSEE – a majority of multinationals are calling for major price increases from large retailers to cope with the rise in energy, packaging or transport tariffs. The requested increases range from + 12% to + 30%, indicates Michel-Edouard Leclerc. Figures confirmed by Dominique Schelcher, the boss of the Système U cooperative. “Our buyers are bewildered and frankly worried”, explains Michel-Edouard Leclerc. He affirms that “all the distribution will try to negotiate these increases” and assures him: “At E.Leclerc, we continue to take on our margins to avoid the fall in sales”. The new 2023 prices will be applied from March/April in stores.

Read also :
Soaring prices: why your groceries will cost you much more in March

Up to 30+ price increases in 2022

2002 has already been a difficult year for many consumers. Here are the various price increases noted in December 2022, over one year, by the Nielsen Institute:

  • Frozen meats: +29.3%
  • Toilet paper: +25%
  • Pasta: +20.3%
  • Oils: +20.2%
  • Butter, fresh cream, margarine: + 17.6%
  • Eggs: +16.2%
  • Food for dogs and cats: + 15.57%
  • Industrial breads: + 15%
  • Frozen ready meals: +14.6%

Products that have risen sharply are starting to see their prices fall a little. This is the case with oil. System U boss Dominique Schelcher explains in the JDD : “Prices have started to fall, but almost no supplier is passing on this drop. For oil, for example, one of the biggest players told us that it is like that”.

Lidl wins 500,000 new customers

More than ever, consumers are tracking promotions and comparing store prices to limit their spending while wages are not keeping up with inflation. E.Leclerc remains the busiest brand in France with a market share of more than 20% for its 700 stores. At the same time, hard-discount is seeing the arrival of new customers. The boss of Lidl Michel Biero claims to have gained 500,000 new customers in December throughout France.

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