# French retailer Carrefour to freeze prices on 100 products to tackle inflation
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-08-22
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: French Supermarket Carrefour Freezing Prices on Everyday Products
Meta Description: French supermarket giant Carrefour is taking action by freezing prices on essential items, joining other companies in helping consumers tackle soaring
URL: https://financedigest.com/french-retailer-carrefour-to-freeze-prices-on-100-products-to-tackle-inflationhtml

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PARIS (Reuters) -French supermarket retailer Carrefour is freezing prices on 100 everyday products from tinned sardines to rice and washing up liquid, it said on Monday, joining other companies striving to help consumers cope with soaring inflation.

The moves follow pressure from President Emmanuel Macron’s government for business to do more to curb rising prices.

Facing the prospect of a supertax on their record profits, French oil major TotalEnergies and shipping giant CMA CGM took further steps in July to cut prices. TotalEnergies said it would reduce fuel [prices at its service stations across France](https://www.financedigest.com/france-leans-on-retailers-to-help-consumers-cope-with-food-prices.html "France leans on retailers to help consumers cope with food prices") from Sept. 1 until the end of the year, while CMA CGM said it would [cut shipping fees by 750 euros](https://www.financedigest.com/carrefour-unveils-30-euro-shopping-basket-in-spain-after-government-price-cut-proposal.html "Carrefour unveils 30 euro shopping basket in Spain after government price cut proposal") ($751) per container for imports to France from Asia.

Carrefour said it would [freeze prices](https://www.financedigest.com/uk-supermarket-asda-freezes-prices-of-500-products.html "UK supermarket Asda freezes prices of 500 products") until Nov. 30 on a variety of products, ranging from [food items to healthcare products](https://www.financedigest.com/end-of-cheap-money-for-u-s-farmers-plows-trouble-into-food-production.html "End of cheap money for U.S. farmers plows trouble into food production") and clothing.

In the face of surging inflation, other [retailers have also targetted consumers’ concerns about the cost](https://www.financedigest.com/amazon-other-retailers-revamp-free-shipping-as-costs-soar.html "Amazon, other retailers revamp ‘free’ shipping as costs soar") of living with their own promotional campaigns.

In May, French supermarket group Leclerc froze prices on the 120 most-bought products through to July, while in April British supermarket operators Asda and Morrisons said they would [cut the prices](https://www.financedigest.com/tesla-expands-discounts-with-price-cuts-in-europe-singapore-israel.html "Tesla expands discounts with price cuts in Europe, Singapore, Israel") of essential items.

[Data published this month showed French inflation](https://www.financedigest.com/oil-jumps-on-lower-than-expected-us-inflation-data.html "Oil jumps on lower-than-expected US inflation data") rose to 6.8% in July, the highest rate since France began using European Union methodology to calculate the data in the early 1990s, although lower than most other EU countries thanks to government caps on power and gas prices.

Inflation has surged across the world following Russia’s invasion of Ukraine, which has driven up energy prices, adding to previously existing price pressures from [tight supply](https://www.financedigest.com/ceraweek-europe-gas-supplies-to-stay-tight-2-more-winters-equinor-ceo-says.html "CERAWEEK-Europe gas supplies to stay tight 2 more winters, Equinor CEO says") chains after the worst of the COVID pandemic.

($1 = 0.9985 euros)

(Reporting by Tassilo Hummel Editing by Sudip Kar-Gupta and Mark Potter)


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