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Rising Food Prices in Germany: The Impact on Consumers
2024-09-07 17:55:08
Food
Economy

Rising Food Prices in Germany: The Impact on Consumers

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Food prices in Germany have surged significantly since 2020, with olive oil prices up to 112.6%. Factors such as production declines due to climate issues, supply worries on global markets, and the Ukraine war's influence on grain prices have contributed to the rise.

Notably, butter prices have skyrocketed due to low milk volumes and insufficient fat content. While some products have seen price decreases, overall prices remain high.

Essential items like sugar, oil, and cookies have also become pricier, alongside dairy products and key ingredients like ketchup. Consumers are adjusting their buying habits as the uncertainty of future prices looms, influenced by weather fluctuations and market dynamics.

Related news on that topic:

Rising Food Prices in Germany: Key Trends

Food prices in Germany have surged, with products like quark, ketchup, and canned goods experiencing up to a 70% increase. However, citrus fruits and apples buck the trend. Unpredictable price shifts are attributed to climate factors like droughts and heavy rainfall impacting production. Particularly notable are spikes in olive oil (+112.6%), sugar (+83.3%), and cookies (+77.4%). Conversely, carrots (-13.8%), onions, garlic (-13.7%), and frozen fruit (-13.1%) witnessed price drops. The market's uncertain trajectory makes forecasting challenging.

The press radar on this topic:

news_de
7. September 2024 um 09:53

Butter prices explode: Butter soon to become even more expensive? Experts shock with forecast

Economy
Butter prices have skyrocketed, experts warn of further increases. The reasons are low milk quantities and insufficient fat in raw milk. Milk prices remain stable, while butter prices are negotiated monthly. Wholesale prices for block butter reached a record high in 2022. Consumers should expect price increases, with no relief in sight. Shelf prices for a 250g pack range between 1.99€ and 3.39€.
morgenpost
7. September 2024 um 12:44

These five foods have become particularly expensive

Economy
Environment
Food prices in Germany have risen sharply since 2020, up to 112.6% for olive oil. The main reasons are production declines due to droughts, wet weather and lower sugar content, supply concerns on global markets, the impact of climate change and the Ukraine war on grain prices, lower milk volumes, lower fat content in raw milk, elaborate production of quark, sharply higher prices for important ketchup ingredients, and high supply capacity in Spain and seasonally weak demand for citrus fruits. D..
stern
7. September 2024 um 12:20

Consequences of Inflation: Rising Food Prices: How the Buying Behavior of Germans Is Changing

Economy
Inflation is making itself felt - not only the prices, but also the buying behavior is adapting. What has changed can be seen in the video.
t-online
7. September 2024 um 14:23

Sugar, Oil and Cookies: These Foods Have Become Particularly Expensive

Economy
Environment
Food prices in Germany have risen sharply; olive oil, sugar and cookies are particularly affected; Reasons: Droughts, poor harvests, Ukraine war.
CW

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