Carrefour CFO Sees Limited Inflation From Iran War
Chief Financial Officer Matthieu Malige expects the current conflict to cause less of an inflationary spike than the 2022 invasion of Ukraine. French consumer behavior remains resilient despite rising energy costs and a slight uptick in national inflation forecasts.
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Carrefour Chief Financial Officer Matthieu Malige has indicated that the ongoing conflict involving Iran is expected to have a less severe inflationary impact on the retail sector compared to the shock caused by the invasion of Ukraine by Russia four years ago. Speaking during a first-quarter earnings call, Malige noted that consumer behavior in France, the company's largest market, has remained resilient despite rising geopolitical tensions.
It's an inflationary environment which should not trigger a significant change in consumer behaviour.
