Carrefour CEO says autumn inflation is unlikely

Carrefour CEO Alexandre Bompard said he expects no broad return of food inflation this autumn, after Circana recorded 0% YoY price movement in July and August. Some categories, including fruit, vegetables and bottled water, could rise, while Iran-related cost pressures on plastic packaging are expected to feed into annual supplier negotiations. School supplies were 14% cheaper YoY, according to Familles de France. (Olivier Dauvers)