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French bakeries are fighting to survive

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"In Millery, a small town in southeastern France, Élodie Chavret runs a bakery to make a living for herself and her two daughters. The 39-year-old is also a part-time firefighter but, she says, this is not the work that scares her. Her fear? Not being able to pay the bakery’s electricity bill at the end of the month. The bill skyrocketed from €900 ($978) in December to €7,500 ($8,146) in January as Chavret renewed her contract. With a government subsidy, her bill would drop to €4,500 ($4,888) per month. That’s still an “unmanageable” increase, she said. The new rate is “unbearable,” Chavret told CNN, and will all but obliterate her profits, already squeezed by rising raw material and gasoline costs, and higher wages for her six employees. French industrial producer prices — the prices suppliers of home-grown goods and services charge businesses — rocketed 13% year-over-year in February, after an even higher rise in January, according to official data. Two years ago, Amaté bought butter for €6 ($6.52) a kilo. Now it costs €12 ($13). Flour prices have risen three times in one year. Eggs, milk and cream are also much more expensive. But it’s inflation in energy prices that’s been particularly painful for many businesses due to the speed of cost increases when electricity contracts are renewed." 04/02/23 Check the full article copying the link: https://edition.cnn.com/interactive/2023/03/business/french-bakeries-cnnphotos/

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