9/28/2021, 9:39 AM (Source: TeleTrader)
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Energy prices likely to stay higher for few more mths - Le Maire

French Economy and Finance Minister Bruno Le Maire remarked on Tuesday that the rise in prices of energy, which have grown by an estimated 57% since January, will continue for a few more months.

"Growth is restarting strongly in the world, especially in China, there are problems of stocks and supplies," he told C News. Le Maire added the government is "well aware" of the problems the increased fees are causing to the French companies. He went on to describe the sharp growth of prices as "unacceptable."

Earlier this month, European Central Bank (ECB) President Christine Lagarde estimated the volatility in prices of energy may continue after the ongoing shortage of supplies ends due to the COVID-19 pandemic.

Baha Breaking the News (BBN) / JR