Grocery prices at Aldi, Lidl, Rewe and Co.: Expert with a gloomy forecast

Created: 07/01/2022, 13:30

By: Caroline Schäfer

Food prices for consumers are raised again.

(symbol photo) © Hendrik Schmidt/dpa

The cost of living is skyrocketing at the moment.

Now the prices for food and beverages are to be increased again.

Kassel – Whether energy, fuel or food – consumer prices are currently rising everywhere.

However, wages remain the same.

Many people already have to weigh up what they can spend their money on.

It seems that the end of the road has not yet been reached.

Consumers will have to prepare for further price increases in supermarkets and discounters such as Rewe, Aldi, Lidl and Co. in the coming months.

Food in the supermarket will soon be more expensive again: retailers want to raise prices

Almost every retailer of food and luxury goods wants to increase their prices, the economic research institute Ifo reported on Friday (July 1) based on a survey.

The so-called price expectations are therefore at 98.9 points and thus just below the theoretical maximum value of 100.

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The majority of those surveyed also want to raise their prices in other areas of retail.

There, the price expectations rose from 75.5 points to 78.6.

"This means that inflation rates are likely to remain high for the time being," said Ifo economics expert Timo Wollmershäuser.

In June, goods and services in Germany cost an average of 7.6 percent more than in the previous year.

Groceries at Aldi, Lidl, Rewe and Co.: shortages are imminent

The prices for food should not only become more expensive.

Joachim Rukwied, President of the German Farmers' Association, warned of a food shortage.

The President of the Farmers predicted this, above all, if agriculture was not given priority in the distribution of gas.

"Without gas, no milk, no butter, no yoghurt," Rukwied told the Rheinische Post.

But there is some hope.

There are first signs that the inflation rate could gradually fall over the course of the year, the Ifo said.

"If the price expectations in some sectors of the economy whose production is upstream of consumption have fallen for the second time in a row," said Wollmershäuser, according to the German Press Agency (dpa).

These include industry (59.7 from previously 66.7), construction (50 from 56) and wholesale (57.4 from 68.1).

(kas/dpa)