Macron gives warning on energy prices – RT World News

French president says government managed to avoid worst-case scenario

Energy prices in France will rise by 15% early next year, President Emmanuel Macron has warned as Europe continues to seek ways to curb high inflation.

“There will be a 15% increase in electricity and gas [prices] in the first months of 2023”, Macron said during an interview with the France 2 television channel on Wednesday, adding that thanks to government measures, bigger hikes have been avoided.

« When there should have been a 100% increase in electricity and gas [prices]it will be 15%”, he stated.

The president promised to continue providing targeted aid to vulnerable groups, such as students, and spoke out in favor of adjusting wages as long as high inflation remains in place. He also promised « Tens of millions of euros » business help value.

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Like many other European countries, France is struggling with soaring energy prices and a cost of living crisis.

Prime Minister Elisabeth Borne unveiled a plan last month to mitigate the impact of inflation, including so-called “exceptional energy vouchers” worth €100 ($100.4) and €200 ( $201), which will be distributed to 12 million households by the end of the year.

Inflation in the eurozone hit 9.9% last month, down from 9.1% in August, according to Eurostat.

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