With European consumer prices sitting at the highest on record, French President Emmanuel Macron is proposing food stamps to help less-fortunate households ride out surging grocery prices in wake of the Russia-Ukraine conflict.
Macron, who is currently running a campaign for re-election next month, attempted to score some brownie points with French citizens, and announced that he is considering handing out special cheques to low-income households to compensate for surging food costs.
Europe, which currently saw annual inflation soar to a record 5.9% in February, is bracing for food and energy shortages amid the escalating conflict between Russia and Ukraine. During his interview on France Bleu radio, Macron warned that a global food crisis could ensue if Europe’s bread basket continues to sink deeper into war, and energy prices continue to skyrocket.
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