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Bruno Le Maire - 1 France2 - 1 Le Maire - 1 “ - 1 ” - 1 ” Le Maire - 1 Olesya Dmitracova - 1
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Paris CNN - 1 Unilever - 1 UL - 1 PepsiCo - 1 Nestle - 1

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☆ France announces more food price caps in effort to curb inflation
  + stars: | 2023-08-31 | by ( Joseph Ataman | ) edition.cnn.com   time to read: +2 min
Paris CNN —The number of price-capped products in French supermarkets will double to 5,000, finance minister Bruno Le Maire said Thursday, as data revealed another month of double-digit food inflation. Speaking to French broadcaster France2, Le Maire also criticized several multinational companies, including Unilever (UL) and PepsiCo (PEP), for not doing enough to help French consumers. The price caps, agreed with producers and distributors, aim “to definitively break the spiral of food prices,” he said, noting that the affected products made up around a quarter of a typical supermarket’s offerings. In June, Le Maire said 75 top food companies had agreed to cut prices on hundreds of products from July in line with declines in raw material costs. According to provisional data released by the country’s statistics institute Thursday, French food prices rose 11.1% this month compared with a year ago, less than they did in July but still more than double the rate of overall inflation.
Persons: Bruno Le Maire, France2, Le Maire, “, ”, ” Le Maire, Olesya Dmitracova Organizations: Paris CNN, Unilever, UL, PepsiCo, Nestle
☆ French minister wrote some erotic fiction -- and he's not even the first to do so
  + stars: | 2023-05-07 | by ( Oliver Briscoe Joseph Ataman | Oliver Briscoe | Joseph Ataman | ) edition.cnn.com   time to read: +4 min
Paris CNN —France’s finance minister is in the spotlight. “It is about music, my passion for music,” Le Maire insisted of the novel, whose central character is a piano virtuoso. Some in France chastized the finance minister for devoting time to writing, especially as the country weathers economic headwinds. The French finance ministry confirmed to CNN that Le Maire had warned the French presidency of the book before its release. And the finance minister seemed unabashed on Twitter.
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