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Thousands Protest in France Against Inflation

Thousands of people took to the streets in France on Thursday, as a first rally against inflation in EU!

The protest was focused on demanding higher wages to cope with inflation and to protest President Emmanuel Macron’s plan to raise the country’s retirement age.

Protesters march in Paris to push for wage increases and the end of planned pension overhauls.

Tweet on Protest against inflation in Paris


Demonstrations are a sign of the political turmoil Europe faces as a result of the Ukraine war

Striking teachers, students and railway workers joined peaceful protests in dozens of cities across the country, snarling traffic and forcing many schools to shut down.

The street demonstrations are a sign of the potential turmoil European leaders face as the war in Ukraine continues with no end in sight. Moscow has choked supplies of Russian gas to the continent, hammering businesses and stoking fuel prices.

Mr. Macron’s government has spent more than 40 billion euros, on measures to limit increases in the price of fuel, gas and electricity. They include a cap on electricity and natural-gas prices, as well as a rebate on fuel.

The measures have helped inflation in France to remain lower than in the U.S. and most other European countries.

Still, rising food prices are taking a heavy toll on France’s low-income families. Inflation stood at 6.6% in August, according to French statistics agency Insee.

source: Insee/WSJ/Reuters
Image: France protest