The French could soon feel le pain of more expensive baguettes
The most important everyday staple in France could soon become more expensive. The cost of the country’s beloved baguette may rise by €0.05 to €0.10 ($0.06 to $0.12) in the coming weeks, said Dominique Anract, president of the French Confederation of Bakeries and Pastry Shops.
“All the warning signs are flashing red,” Anract told FranceInfo, citing rising costs of wheat, flour, energy, worker salaries, and packaging. Even a €0.10 hike would be a lot, Anract said, considering the fact that the average price of the baguette only rose by €0.23 in the past 20 years.
Following a boost over the summer, INSEE, France’s official statistics agency, reported today (Oct. 27) that consumer confidence dropped by two points in October as families worried about rising electricity bills. In September inflation reached its highest rate in a decade.
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