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Spiraling inflation is not enough to cover soaring production costs, food producers say Food prices in France may rise significantly starting next year, as producers have asked retailers for double-digit increases on their products, a representative of the French Federation of Trade and Distributors, Jacques Creyssel, said this week.

Hungary has been granted an exemption from the price cap on Russian oil set by the EU and the Group of Seven (G7) countries, Hungarian Foreign Minister Peter Szijjarto announced on Saturday. “During the negotiations on the oil price cap, we fought hard for Hungarian interests, and in the end we succeeded: Hungary was exempted…