Business

Because food is getting more expensive

Dusseldorf, Berlin Food prices may continue to rise in the coming months. This is what agrarian economists and consumer experts think. Because the situation on world agricultural markets is getting worse. Costs for fertilizers, pesticides and fuel are rising rapidly. Add to this the drought in important growing regions and the lack of grain deliveries from Ukraine and Russia.

There is no fear of a bottleneck in supply in Western countries, but consumers have long felt the effects of the tense situation at the supermarket checkout. A few weeks ago, Aldi, as the industry leader, raised the prices of hundreds of products. The other traders followed. In April, consumer prices of food products in Germany had increased by 8.5% compared to the previous year.

But this is not the end of the price spiral. “We are experiencing an inflationary shock in the food retail sector,” notes Chehab Wahby, a consumer expert at the EY-Parthenon consultancy. Not all of the higher costs of producers have made it to the supermarket by far.

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