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Overview shows: These foods are becoming more and more expensive for consumers

2022-12-16T04:48:55.673Z


Overview shows: These foods are becoming more and more expensive for consumers Created: 12/16/2022 5:33 am By: Ines Baur Rising food and energy prices are a heavy burden for consumers. The inflation rate for some staple foods has meanwhile increased to over 40 percent. Munich - Butter, flour, sugar and eggs - baking ingredients for cookies and cakes. But how much longer can consumers afford to


Overview shows: These foods are becoming more and more expensive for consumers

Created: 12/16/2022 5:33 am

By: Ines Baur

Rising food and energy prices are a heavy burden for consumers.

The inflation rate for some staple foods has meanwhile increased to over 40 percent.

Munich - Butter, flour, sugar and eggs - baking ingredients for cookies and cakes.

But how much longer can consumers afford to bake?

Are butter and eggs becoming a luxury?

One thing is certain: food is becoming more and more expensive.

Despite a slight relaxation in energy prices, the inflation rate remains at a high level of ten percent. Whether heating or grocery shopping - the situation remains more than tense for consumers.

The experts at the Federal Statistical Office are not giving the all-clear “We are also increasingly observing price increases for many other goods in addition to energy.

The continuing rise in food prices is particularly noticeable for private households," says Dr.

Georg Thiel, President of the Federal Statistical Office, in a press release.

Groceries are becoming more and more expensive - price increases of over 20 percent compared to the same month last year

Food prices continue to rise.

Customers in the supermarket notice the price increases for almost all products. (Iconic image) © Ute Grabowsky/photothek.de/Imago

Food prices increased in November 2022 compared to the same month last year.

The price increases could be observed in November 2022 for all food groups.

Consumers had to spend 21.1 percent more than in November of the previous year.

According to Destatis, food prices have increased steadily since the beginning of the year.

In the previous month, October 2022, the increase was 20.3 percent.

Edible fats and oils became significantly more expensive with an increase of 41.5 percent.

The inflation rate for dairy products and eggs grew by 34 percent, for bread and cereals by 21.1 percent and vegetables by around 20 percent.

The increase in individual product groups can be seen from the table "Special evaluation of food" from the Federal Statistical Office:

  • Flour and other cereal products + 46.7%

  • Permanent milk +44.2%

  • Butter + 42.3%

  • Potatoes + 25.9%

  • Sugar 48.5%

  • Edible fats and oils + 41.5%

  • coffee + 18%

  • Cheese and quark + 37.6%

  • Eggs + 19.5%

Confectionery, frozen seafood, fruit and tea have also become more expensive.

However, with an increase of between five and eight percent, they were still below inflation.

The popular Christmas treat, chocolate, increased in price by 12 percent.

Food is becoming more and more expensive - but the highest price increase continues to be in the energy sector

Against the background of the Russian war against Ukraine, the highest price increase can still be observed in the energy sector, writes

tagesschau.de

.

The cost of energy increased by 38.7 percent compared to the previous year.

In October 2022, the increase was still 43.0 percent.

An increase in household energy is particularly strong at 53.2 percent: the price of natural gas has more than doubled at plus 112.2 percent.

Heating with other fuels also became more expensive: the price of firewood, wood pellets or other solid fuels almost doubled, while light heating oil cost 55.0 percent more.

Electricity increased in price by 27.1 percent and fuel by 14.6 percent.

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Food prices are rising - is inflation always justified?

Pandemic, energy crisis, war in Ukraine - there are several factors that have been changing the situation in agriculture and the food industry for a long time.

The costs of energy, fertilizer and animal feed have risen sharply.

Labor shortages and the minimum wage make personnel costs more expensive.

The first increase in food prices was in July 2021, and the trend has continued to this day.

But not all price increases are transparent and based on higher production costs, the experts at the consumer advice center suspect.

On the stock exchanges, speculation would mainly take place with energy commodities such as oil and gas, but also with foodstuffs such as wheat, butter and vegetable oils.

Not every price increase in food is understandable.

"That's why politicians and the Cartel Office need to take a critical look at retailers and food manufacturers to check whether companies are using the situation to improve their own earnings," say the experts at the consumer advice center.

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Source: merkur

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