PARIS, Jan 11 (Reuters) - French retailer Leclerc on Tuesday
said it was freezing the price of the country's staple bread
loaf, the baguette, for at least four months as he warned about
"We commit to freezing the price of the 250-gram baguette at
0.29 euros for at least 4 months," Michel-Edouard Leclerc, head
of the company, told RMC radio.
Blaming higher commodity and energy prices, Leclerc
reiterated his forecast for 4% inflation this year.
"Inflation is back and Leclerc must try to prevent the rise
being passed on to consumers," Leclerc said.
He promised tough discussions with suppliers in order to
keep the price of other basic foodstuffs in check.
Leclerc heads Les Centres E. Leclerc, a cooperative
association of about 600 retailers, which competes against
Carrefour and Casino. Its low-price policy
has helped it become France's biggest food retailer by market
(Reporting by Dominique Vidalon; editing by Richard Lough)