French retailer Carrefour to freeze prices on 100 products to fight inflation
August 22, 2022, 6:17 pm

French retailer Carrefour to freeze prices on 100 products to fight inflation

Carrefour is a French multinational retail and wholesaling corporation headquartered in Massy in the Paris metropolitan area - Photo. Pixabay

French supermarket retailer Carrefour on Monday (August 22) announced that it is freezing prices on 100 own-brand products corresponding to the daily essentials of its customers in an effort to tackle inflation, the Anadolu Agency reported.

The annual inflation rate in France hit 6.1% in July, the highest since July 1985. It said.

The move came as the government put further pressure on business to do more on rising prices.

Carrefour said: "As of today, and until Nov. 30, the operation 100 products at a fixed price for 100 days will be deployed, in all of its stores in France.”

The decision covers various categories of products, ranging from food (fresh produce, groceries, greengrocers, preserves, appetizers, condiments, cured products, drinks, etc.) and non-food (hygiene products, detergents, clothing, small household appliances, etc.)

The annual inflation rate in France hit 6.1% in July, the highest since July 1985 - Photo. Pixabay

Previously, other retailers such as French supermarket group Leclerc froze prices in an attempt to help preserve the purchasing power of French people.

McDonald’s raises price of a cheeseburger in the UK for the first time in 14 years

Carrefour is a French multinational retail and wholesaling corporation headquartered in Massy in the Paris metropolitan area.

The eighth-largest retailer in the world by revenue, it operates a chain of hypermarkets, groceries stores and convenience stores, which as of January 2021, comprises its 12,225 stores in over 30 countries.

levantnews-aa

Ankara and Tel Aviv “normalize” Israel warns Hezbollah attack on gas field may mean war

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”