Emmanuel Macron Proposes Food Stamps in Face of Surging Food Inflation

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.

Information for this briefing was found via Reuters, Twitter, and Eurostat. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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