Gasoline, energy, groceries: how the drop in prices is affecting consumers
Created: 01/10/2023 10:02 am
By: Bona Hyun
Falling prices to be observed: Are food and energy prices becoming cheaper for consumers?
© Patrick Pleul/dpa
A fall in prices can be observed at the turn of the year.
Are groceries being offered cheaper now?
And could this also apply to energy prices?
Hamburg – 2022 was not a good year for consumers.
The Ukraine war and inflation have driven prices for everyday products to astronomical heights.
Not only electricity and gas, but also groceries became more expensive.
At the turn of the year, prices on the energy exchanges fell.
Consumers hope that a possible "price drop" will make shopping cheaper.
Is such a price development to be expected?
And which products does this currently apply to?
How the fall in prices affects consumers and which foods it applies to
Many food chains are currently advertising discounted offers.
Apparently, some products are cheaper than before the Ukraine war.
According to an evaluation by
, consumers can shop more cheaply if they pay attention to offers.
Because some groceries actually cost less compared to the previous year.
According to the
, this includes Meggle Fine Butter (250 g).
This currently costs 2.19 euros instead of 2.79 euros as in January 2022. Consumers also spend less money on Grünländer sliced cheese (140 g): instead of 1.39 euros, it costs 1.99 euros.
In relation to the price of last year, Iglo fish fingers cost 17 percent less: 15 pieces cost 2.88 instead of 3.49 euros.
There is a discount of 38 percent on the Melitta coffee (500 g) compared to the 2022 price.
This costs 3.99 euros instead of the previous 6.49 euros.
The fall in gas and electricity prices will probably only reach consumers months later
It's not just groceries that are getting cheaper.
Energy prices could also fall at the turn of the year.
Last Friday, a megawatt hour of natural gas was traded on the Leipzig energy exchange EEX
for 67 euros, according to
Before the start of the war at the end of February, gas suppliers had to pay 89.6 euros per megawatt hour.
Nevertheless, Florian Stark from the comparison
portal Check 24
considers a rapid drop in prices to be unrealistic given the falling gas prices.
“Some suppliers buy gas well in advance,” said Stark.
It could still be months before the fall in prices reaches consumers.
The situation is similar with electricity, since the electricity suppliers have already concluded long-term contracts.
According to Verivox
, there were 724 electricity price increases by regional electricity suppliers
for January and February 2023 .
So that means that consumers would initially have to pay more for electricity and gas prices before the price drop arrives.
Despite the fall in oil prices: experts warn of a “significant increase” for 2023
And what about the oil?
As a result of the oil embargo, consumers feared a rise in prices.
The price of oil has recently plummeted.
In spring 2022, more than 120 euros had to be paid for a barrel of Brent variety.
Currently the price is 80 euros.
As a result, motorists should be happy about cheap petrol costs.
, a liter of petrol cost an average of 1.72 euros at the weekend.
Before the start of the war, drivers filled up for 1.75 euros, reports
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The price of heating oil, for which subsidies are also said to be available, has also fallen noticeably - thanks to the warm weather.
Recent evaluations showed that consumers paid an average of 1.14 euros for a liter of heating oil.
In November it was well over 1.20 euros per liter.
However, experts at the US banks Goldman Sachs and JP Morgan are less likely to expect this development to continue.
According to the
, they expect a “significant increase” in oil prices for 2023.